Monthly roundup · Biotech · October 2026

Biotech startup funding, October 2026: Varda Space Industries's $251M Series D leads 41 rounds

By Millionrounds ResearchPublished 1 November 2026

We read 41 equity rounds in Biotech announced in October 2026, raising $2.1B between them: 6% of all the rounds we read that month and 3% of the money. The largest was Varda Space Industries's $251M Series D. The median seed round was $10M, against $6.7M over the last twelve months in Biotech; at Series A it was $38M.

Equity rounds41in Biotech, 37 with an amount
Raised$2.1Bacross those rounds
Lead named66%of rounds say who led
Share of the month6%of rounds; 3% of the money

The biggest rounds

  1. 1Varda Space IndustriesSeries D · United States$251M
  2. 2PPathos AISeries E · United States · led by Bristol Myers Squibb$237M
  3. 3WWarp SciencesSeries A · United States · led by Lightspeed Venture Partners$215M
  4. 4WWarhoundSeed · United States · led by • Ark Invest$200M
  5. 5Matchpoint TherapeuticsSeries B · United States · led by Norwest Venture Partners, Nextech Invest$150M
  6. 6NouscomSeries D · Switzerland · led by M/VENTURES, Revelation Partners$135M
  7. 7SSoufflé TherapeuticsSeries B · United States · led by Juvia Group$135M
  8. 8BioGeometrySeries A · China · led by China Life Capital$100M
  9. 9SSetara BiosciencesSeries A · United States$90M
  10. 10AnaCardioSeries B · Switzerland · led by Ljungström family office$71M

Day by day

Equity rounds in Biotech announced each day of October. The busiest day was 7 October, with 3.

1 October31 October

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-seed2$1.5Mthis month$2.0M12 months, all sectors
Seed13$10Mthis month$6.7M12 months here
Series A13$38Mthis month$33M12 months here
Series B6$103Mthis month$55M12 months here
Series C1$25Mthis month$100M12 months, all sectors
Series D2$193Mthis month$150M12 months, all sectors
Growth2$3.2Mthis month$113M12 months, all sectors

Where

United States had the most Biotech rounds this month.

Against the month

  • Rounds, Biotech41
  • Rounds, all sectors733
  • Raised, Biotech$2.1B
  • Raised, all sectors$59B

The whole of October 2026

Other sectors in October

411 roundsAI→100 roundsFintech→72 roundsHealthcare→67 roundsSoftware→67 roundsRobotics→56 roundsManufacturing→44 roundsSaaS→44 roundsConstruction→42 roundsHardware & Electronics→34 roundsBig Data & Analytics→33 roundsEnergy→33 roundsLogistics→32 roundsEnterprise Software→29 roundsAerospace & Space→29 roundsHealthtech→28 roundsCybersecurity→26 roundsDefence Tech→25 roundsCloud→24 roundsEntertainment→23 roundsB2C→23 roundsFinancial Services→22 roundsMedical Devices→20 roundsCleantech→19 roundsE-commerce→19 roundsFood & Beverage→18 roundsReal Estate→18 roundsDeeptech→18 roundsSemiconductors→17 roundsAgtech→16 roundsDeveloper Tools→15 roundsWeb3 & Crypto→15 roundsRetail→15 roundsMartech→14 roundsSupply Chain→14 roundsInsurtech→14 roundsTelecoms→14 roundsClimate Tech→13 roundsRegtech→13 roundsAutomotive & EVs→13 roundsChemicals & Materials→12 roundsFuture of Work→12 roundsB2B→12 roundsMedia→12 roundsGaming→11 roundsProfessional Services→11 roundsMarketplaces→11 roundsHR Tech→11 roundsEducation→11 roundsSalestech→10 roundsProptech→10 roundsPharma→10 roundsFashion→10 roundsTravel & Hospitality→