Advent France Biotechnology arrives at $69.2m fund

The life sciences investment firm has raised $69.2m in seed funding from limited partners including Bpifrance and aims to back French entrepreneurs and early-stage companies.

Bpifrance, the public investment bank of France, has invested in a a €64.75m ($69.2m) seed fund established by France-based life science-focused firm Advent France Biotechnology (AFB), Labiotech reported yesterday.

Life science investor Advent Life Sciences has also invested in the fund, as has the European Union, through its European Fund for Strategic Investments and the InnovFin Finance for Innovators initiative.

Bpifrance made its commitment through its programme d’investissements d’avenir fund.

Founded in 2015, AFB invests in early-stage businesses with the potential to develop first or best in-class innovations that address unmet medical needs. The firm plans to do this by working with multiple research institutions and their tech transfer offices.

AFB hopes to rely on the same methodology as that of its investor Advent Life Sciences to identify startups. It will focus primarily on opportunities in France.


See more from this Government Report: France


Copyright Mawsonia Limited 2010. Please don't cut articles from or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. STT reinforces Armor with $89m investment

    April 06, 2017

  2. UK to review tax breaks

    April 03, 2017

  3. BDC helps accelerate Calgary startups

    April 13, 2017

  4. Arralis appears on Hong Kong-based consortium’s radar

    April 05, 2017

  5. Tianjin City launches $17.4bn fund

    April 13, 2017


  • 23 May - 24 May, 2017

    GCV Symposium 2017 - London

    Join 400+ business leaders from the corporate venturing and wider high growth business ecosystem for the two-day 2017 GCV Symposium.

  • More Events