Pureos Bioventures raised further USD35m and closed its first fund, BB Pureos Bioventures, LP, with a committed capital of USD 205m.
The firm had announced a USD170m close in September 2020. The supporters of the first Pureos fund include strategic partners, such as pharmaceutical and biotech companies as well as a large contract manufacturer, family offices, pension funds, fund-of-funds and other institutional investors.
Led by partners Klaus Breiner, Dominik Escher, Anja Harmeier, and Martin Münchbach, the firm will exclusively invest in innovative private drug development companies with an emphasis on novel biological drugs and emerging modalities such as nucleic acid, cell- and gene therapies. The fund’s portfolio companies are built on strong teams advancing therapies across a broad spectrum of indications including oncology, immunology, ophthalmology, rare diseases and neuroscience.
The vehicle invests globally, with a primary focus on Switzerland and Europe.
For its first fund, Pureos is building a balanced portfolio of 17-20 pre-clinical and clinical-stage companies. Its initial investments include Alentis Therapeutics AG, AM-Pharma BV, Araris AG, Corlieve Therapeutics SAS, Eyevensys SAS, Imcheck Therapeutics SAS, Lava Therapeutics BV, NovaGo Therapeutics AG, River Renal Corp and Vico Therapeutics BV. In addition, Pureos is a Partner of BaseLaunch, a start-up accelerator in Basel that supports emerging companies with ground-breaking science.
In March, Lava Therapeutics went public on NASDAQ (LVTX), representing a first IPO exit in the Pureos portfolio.
FinSMEs
24/04/2021