Sofinnova Partners haalt 106 miljoen euro op met eerste fonds voor industriële biotech
PARIJS–(BUSINESS WIRE)– Sofinnova Partners, een toonaangevende Europese durfinvesteerder met specialisatie in de levenswetenschappelijke sector, heeft vandaag bekendgemaakt dat zijn fonds Sofinnova Industrial Biotech I is afgesloten met 106 miljoen euro. Het fonds is gericht op duurzame chemie en volgt op 9 investeringen in de sector, waarvan de eerste in 2009 is voltrokken. Daarmee positioneert Sofinnova Partners zich in de voorhoede van deze veelbelovende, opkomende markt.
Sofinnova IB I investeert in start-ups binnen de waardeketen van omzetting van hernieuwbare ruwe grondstoffen – zoals agrarisch afval of koolstofdioxide – in duurzame eindproducten als bioplastics of andere materialen uit organische grondstoffen. Het fonds richt zijn pijlen tegelijkertijd op technologieën die voortspruiten uit synthetische biologie en aanverwante velden. Sofinnova IB I hanteert de these dat de vraag naar innovatieve, duurzame producten uit niet-fossiele grondstoffen en nieuwe, duurzame productietechnologieën in de komende jaren zal groeien.
Sofinnova Partners Raises €106 Million in a First Closing of Its Industrial Biotech Fund |
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PARIS–(BUSINESS WIRE)– Sofinnova Partners, a leading European venture capital firm specialized in life sciences, today announced the first closing of Sofinnova Industrial Biotech I (Sofinnova IB I) at €106 million. The fund, dedicated to renewable chemistry, follows a series of 9 investments in the sector since 2009, and places Sofinnova Partners at the forefront of this promising emerging market. Sofinnova IB I will be invested in start-ups along the value chain from the transformation of renewable raw materials, like agricultural waste or C0 2, to renewable end-products such as bio-plastics and other bio-sourced materials. It will equally look at technologies coming from advances in synthetic biology and alike. The investment thesis is based on growing market demand for innovative, renewable products leveraging non-fossil raw materials and novel technologies to produce better performing or cheaper, sustainable alternatives. Pursuing the strategy applied consistently over the years with previous funds, Sofinnova Partners will seek to invest Sofinnova IB I as a founding and lead investor in start-ups and corporate spin-offs, in Europe and North America. The focus of the fund will consist in backing visionary entrepreneurs aiming at developing paradigm changing innovations from lab to the end users market. Sofinnova IB I will seek to invest in 8 to 10 companies during the next 3 to 4 years. It will leverage an experienced and dedicated team, initially composed of Denis Lucquin, Managing Partner, Joško Bobanović, Partner, and Michael Krel, Principal. For this substantial first closing, Sofinnova IB I attracted premier investors, predominantly European institutions and major international industrial players, from energy, chemical and agricultural sectors, including several returning investors from the seed fund raised in 2012 in the same sector: Sofinnova Green Seed Fund. Denis Lucquin, Managing Partner at Sofinnova Partners, said, “We are very pleased with the success of this first closing. The experience accumulated since 2009 resonated well with the investors. With investments in the sector ranging from Avantium, developing an entirely bio-based plastic bottle and now planning an IPO on Euronext, to the most recent DNA Script, revolutionizing DNA synthesis, Sofinnova Partners stands as a pioneer investor, benefitting from an acute understanding of the dynamics at work in this emerging sector. With establishment of this entirely dedicated fund, we have reached today a further important step in our development in industrial biotech.” About Sofinnova Partners View source version on businesswire.com: http://www.businesswire.com/news/home/20170301006121/en/ Contacts Press contact |
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