ABC Transfer, a Tours, France-based industrial designer and manufacturer of secure Rapid Transfer Systems (RTS) for the biopharmaceutical industry, raised €3m ($3.2M) in series A financing round.
The round was led by Go Capital, an investment fund management firm and representative of the Loire Valley Invest Fund, with Bpifrance, the French national bank, and the regional government of Centre-Val de Loire contributing grants and loans.
The company intends to use the funds to accelerate the development of its ABC Transfer® system, that improves 50 features, launch in Q4/2020 a new brand of Rapid Transfer Ports (RTP), especially designed for the biopharmaceutical industry, and gear up production. It will also strengthen its R&D activities, maintaining a budget of at least 15% of its turn-over over the long term.
Co-founded in June 2019 by Thierry Girard, CEO, CFO and CCO, and Jean-Luc Schneider, its COO and CTO. ABC Transfer is an industrial designer and manufacturer of secure Rapid Transfer Systems (RTS) for the biopharmaceutical industry. It collaborated with a network of nine GMP industrial partners on resolving 50 shortcomings within its design that customers in production and maintenance identified in a feasibility study as deficient in currently available RTP and RTS solutions. Protected by 12 patents, the ABC Transfer system aims to satisfy all the demands in RTS for biopharmaceutical manufacturing. Customers are currently sampling products. ABC Transfer plans to launch its first product in the fall. Founded in June 2019, ABC Transfer has raised €3.8M ($4.12M) in financing to date.