The Crossover I vehicle has been backed by BPIFrance and the Danish Growth Fund, and will target both late-stage private and public companies.

VC firm Sofinnova Partners launched a €275m ($340m) fund yesterday with commitments from French state-owned investment bank BPIFrance, which put in cash directly and through the Investment for the Future program, and Danish government-owned investment vehicle, the Danish Growth Fund. Limited partners also include insurance provider CNP Assurances and an undisclosed China-based biopharmaceutical company. The…

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