Jonathan Lim, Erasca CEO (a16z via YouTube)

An on­col­o­gy up­start with some deep-pock­et VC con­nec­tions has a uni­corn-sized ven­ture round to back the pipeline

These days it takes quite a bit of ven­ture cash to turn heads, but Eras­ca can now join a short list of uni­corn plays that man­aged it.

The San Diego can­cer up­start — which has been long on mon­ey and short on bi­ol­o­gy from the start — has pieced to­geth­er a $200 mil­lion B round from some of the deep­est pock­ets in the field.

That would beat out all but the top 2 ven­ture rounds of 2019, as cash coursed through the in­dus­try from every di­rec­tion.

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