Life Sciences Funding in View: 2025 Outlook

U.S. Funding by Top 10 Markets U.S. Top 10 Markets 2024 by Deal Type

$9

$8

$7

$6

$4.7

$3.7

$5

$4

$Billions

$3

$1.4

$2

$3.4

$2.9

$0.9

$2.1

$1

$1.4

$0.7

$0.6

$0.4

$0

Accelerator/Incubator

Angel

Seed

Early Stage VC

Later Stage VC

Grants

Source: PitchBook Data, Inc.; *Data has not been reviewed by PitchBook analysts

13 / CUSHMAN & WAKEFIELD

LIFE SCIENCES JANUARY 2025