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ADVENT FRANCE BIOTECHNOLOGY LAUNCHES ITS SECOND FUND WITH A FIRST CLOSE AT €86M ($102M)

ADVENT FRANCE BIOTECHNOLOGY LAUNCHES ITS SECOND FUND WITH A FIRST CLOSE AT €86M ($102M)

• Strong first closing confirms relevance of AFB’s unique early-stage investment strategy; aiming to create, develop and finance promising European life sciences startups in innovative therapeutics

• Since 2017, AFB’s €68M ($80M) first fund – Advent France Biotechnology Seed-Fund I – has successfully financed 15 startups in France, Spain, Belgium and Ireland