# Biotech startup funding, June 2026: Flourish's $500M Growth leads 23 rounds > We read 23 equity rounds in Biotech announced in June 2026, raising $2.4B between them: 9% of all the rounds we read that month and 7% of the money. Source: https://millionrounds.com/news/monthly/2026-06/sector/biotech (Millionrounds; every figure on the page links to its filing or article) Equity rounds **23** in Biotech, 22 with an amount Raised **$2.4B** across those rounds Lead named **100%** of rounds say who led Share of the month **9%** of rounds; 7% of the money ## The biggest rounds - [1 F **Flourish** Growth · United States · led by Google Ventures, Lux Capital **$500M**](https://millionrounds.com/company/flourish) - [2 **NewLimit** Series C · United States · led by Founders Fund **$435M**](https://millionrounds.com/company/newlimit) - [3 c **cAMPfield Therapeutics, Inc.** Series A · United States · led by Frazier Life Sciences **$180M**](https://millionrounds.com/company/campfield-therapeutics-inc) - [4 **Element Biosciences** Growth · United States · led by Samsung Electronics **$175M**](https://millionrounds.com/company/element-biosciences) - [5 B **Bionyra Pharma** Series A · France · led by Sofinnova Partners, Jeito Capital **$165M**](https://millionrounds.com/company/bionyra-pharma) - [6 **SonoThera** Series B · United States · led by ARCH Venture Partners, Perceptive Advisors **$125M**](https://millionrounds.com/company/sonothera) - [7 R **RQ Bio** Series A · United Kingdom · led by Frazier Life Sciences **$115M**](https://millionrounds.com/company/rq-bio) - [8 **Ethyreal Bio** Series A · United States · led by Atlas Venture, Medicxi Ventures **$101M**](https://millionrounds.com/company/ethyreal-bio) - [9 C **City Therapeutics** Series B · United States · led by Sofinnova Investments, Viking Global **$100M**](https://millionrounds.com/company/city-therapeutics) - [10 C **Collate** Series A · United States · led by Redpoint **$95M**](https://millionrounds.com/company/collate) ## Day by day Equity rounds in Biotech announced each day of June. The busiest day was 2 June, with 4. 1 June 30 June ## By stage, against the year Each stage's median this month beside its twelve-month median: the sector's own where we hold enough rounds for a benchmark, otherwise the one across all sectors. [Pre-seed](https://millionrounds.com/benchmarks/pre-seed) *1* **$4.6M** this month **$2.0M** 12 months, all sectors [Seed](https://millionrounds.com/benchmarks/seed/biotech) *3* **$7.6M** this month **$6.7M** 12 months here [Series A](https://millionrounds.com/benchmarks/series-a/biotech) *9* **$95M** this month **$33M** 12 months here [Series B](https://millionrounds.com/benchmarks/series-b/biotech) *6* **$90M** this month **$55M** 12 months here [Series C](https://millionrounds.com/benchmarks/series-c) *2* **$260M** this month **$100M** 12 months, all sectors [Growth](https://millionrounds.com/benchmarks/growth) *2* **$338M** this month **$113M** 12 months, all sectors ## The most active leads Firms that led two or more of the month's rounds in Biotech. - [**Frazier Life Sciences** RQ Bio, cAMPfield Therapeutics, Inc. *2 led*](https://millionrounds.com/fund/frazier-life-sciences) ## Where - [United States](https://millionrounds.com/news/monthly/2026-06/united-states) **12** - [United Kingdom](https://millionrounds.com/news/monthly/2026-06/united-kingdom) **2** - [France](https://millionrounds.com/news/monthly/2026-06/france) **1** - Austria **1** - Italy **1** - [Netherlands](https://millionrounds.com/news/monthly/2026-06/netherlands) **1** - Singapore **1** - Hong Kong SAR China **1** United States had the most Biotech rounds this month. ## Against the month - Rounds, Biotech **23** - Rounds, all sectors **245** - Raised, Biotech **$2.4B** - Raised, all sectors **$35B** [The whole of June 2026](https://millionrounds.com/news/monthly/2026-06) ## Other sectors in June [124 rounds **AI** *→*](https://millionrounds.com/news/monthly/2026-06/sector/ai)[39 rounds **Fintech** *→*](https://millionrounds.com/news/monthly/2026-06/sector/fintech)[37 rounds **Healthcare** *→*](https://millionrounds.com/news/monthly/2026-06/sector/healthcare)[24 rounds **Big Data & Analytics** *→*](https://millionrounds.com/news/monthly/2026-06/sector/big-data)[20 rounds **Robotics** *→*](https://millionrounds.com/news/monthly/2026-06/sector/robotics)[20 rounds **Enterprise Software** *→*](https://millionrounds.com/news/monthly/2026-06/sector/enterprise-software)[16 rounds **Energy** *→*](https://millionrounds.com/news/monthly/2026-06/sector/energy)[16 rounds **Construction** *→*](https://millionrounds.com/news/monthly/2026-06/sector/construction)[15 rounds **Software** *→*](https://millionrounds.com/news/monthly/2026-06/sector/software)[12 rounds **Financial Services** *→*](https://millionrounds.com/news/monthly/2026-06/sector/financial-services)[11 rounds **Hardware & Electronics** *→*](https://millionrounds.com/news/monthly/2026-06/sector/hardware)[11 rounds **Defence Tech** *→*](https://millionrounds.com/news/monthly/2026-06/sector/defensetech)[11 rounds **Aerospace & Space** *→*](https://millionrounds.com/news/monthly/2026-06/sector/aerospace)[11 rounds **Medical Devices** *→*](https://millionrounds.com/news/monthly/2026-06/sector/medical-device)[11 rounds **Logistics** *→*](https://millionrounds.com/news/monthly/2026-06/sector/logistics)[10 rounds **Manufacturing** *→*](https://millionrounds.com/news/monthly/2026-06/sector/manufacturing) **How this roundup is made** It is written from the rounds we read that month in named articles and filings, by the sectors we file each company under; a company can sit in more than one, so sector roundups overlap. Only equity rounds with a stage count; debt, grants and public companies' raises do not. Each sector with 10 or more equity rounds in a month gets its own roundup. We read more sources every month, so compare medians, not totals. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)