Advent France Biotechnology launches first Life Sciences seed-fund

Published: 20-Apr-2017

The venture capital fund will work as a technology transfer fund with multiple research institutions

French Life Sciences venture capital firm, Advent France Biotechnology, has begun he first closing of Advent France Biotechnology Seed-Fund I.

It is a venture capital fund that will work as a technology transfer fund with multiple research institutions and their respective technology transfer offices.

The Fund will back entrepreneurs and early-stage companies with the potential to deliver first or best-in-class breakthrough innovations for unmet medical needs.

Advent France Biotechnology Seed-Fund I will predominantly invest in France.

It is supported by Advent Life Sciences, one of Europe's venture teams investing in Life Sciences businesses and offering a direct access to a team of 15 investment professionals.

In addition to its relationship with Advent Life Sciences, Advent France Biotechnology intends to work closely with and to be complementary to existing French venture capital firms.

The Fund supported by the National Seed-Fund (Fonds National d’Amorcage), managed by Bpifrance under the Investments for the Future Program (PIA); the EU InnovFin Finance for Innovators initiative; and the European Fund for Strategic Investments, dedicated to seeding and building innovative Life Sciences companies in France.

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