logo Ibionextlogo Ibionext
  • HOME
  • ABOUT US
  • STRATEGY
  • TEAM
  • OUR COMPANIES
  • NEWS & MEDIA
  • CONTACT
  • Français
Twitter
LinkedIn

Startup Studio Raises €90M to Create and Develop Exciting Young Biotechs

February 15, 2018NewsIbionext

https://labiotech.eu/ibionext-growth-fund-bpifrance/

iBionext has closed its Growth Fund, which has raised money from investors like Bpifrance to help young biotechs to reach their potential.

iBionext is a French ‘startup studio’ that specializes in the creation and development of startups in the healthcare industry. It has closed its iBionext Growth Fund at €90M, which will be used to finance small startups, allowing them to grow rapidly and reach their potential. This latest fundraising builds on the company’s previous fundraisings totaling €330M and will help it to add to its portfolio of 8 companies created in just 5 years.

The company’s approach consists of three steps, each making use of its connections with scientists and experts around the world. First, it spots exciting projects that could make a major impact on their respective fields. Second, it boosts the development of the biotech by providing organizational and financial support. Finally, iBionext grows the young company by giving it advice in areas like intellectual property, manufacturing, and marketing.

This approach has allowed iBionext to co-create five start-ups: Chronocam, Chronolife, Tilak Healthcare, BrainEver, Brainiac, which are now approaching clinical trials or commercialization.

The fund was first closed with €46M in the bag, just 6 months after it was created. However, it was reopened, sparking interest from new top-tier investors and the influx of more cash. Investors include Bpifrance, the so-called ‘bank of entrepreneurs’ and first-stop for young biotechs in France.

iBionext is based in the French capital.

Alexia Perouse, Managing Director of iBionext, commented: “We are delighted to have generated such momentum around our new concept of start-up studio and we thank our investors for their trust. The renewed commitments from our historical investors and the size of the tickets invested speak to the attractiveness of HealthTech.”

With biotech research and development flourishing across the continent, a number of countries are stepping up their efforts to support young companies. Universities are a hotbed of important biotech research and top universities like the University of Cambridge and Imperial College London have tried to capitalize on this by opening their own incubators. The growing excitement around the Synbio field has forced Irish accelerator RebelBio to expand its operations and start a second program based in London.

For young biotechs, the search for financial support and a mentor is one of the biggest challenges as they get started. With more and more ‘startup studios’, accelerators and incubators popping up, and raising impressive sums of money, the struggle to find support may be getting easier.

Previous post Le Figaro: Ibionext lève un fonds de 90M€ pour la santé Next post Closing of iBionext Growth Fund on BFM Business

SEARCH

ARCHIVES

  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016

CATEGORIES

  • Events (3)
  • News (78)
  • Press releases (67)

LATEST NEWS

  • Théa partners with Tilak Healthcare to promote OdySight: First remote monitoring solution for ophthalmology June 29, 2022
  • GrAI Matter Labs Unveils Life-Ready AI with GrAI VIP at GLOBAL INDUSTRIE May 16, 2022
  • Rigshospitalet, the main hospital in Denmark based in Copenhagen, collaborate with Chronolife for a clinical investigation in Oncology March 31, 2022
  • Europrotect partners with Chronolife for the development and production of a device to measure physiological data, integrated into a firefighter’s intervention suit to limit the risk of thermal stress March 13, 2022
  • OdySight, first remote monitoring solution in ophthalmology to be reimbursed by the Social Security March 9, 2022

CONTACT US

74, rue du Faubourg Saint-Antoine 75012 Paris
+33 1 76 21 47 50
contact@ibionext.com

LEGAL NOTICES

  • Cookies Policy
  • Privacy Policy
  • Terms of use
© 2023 iBionext. All rights reserved