BioCentury
ARTICLE | Finance

Rewarding the crowd

French antibacterial play Antabio finds exit for crowd-sourced seed investors

October 8, 2012 7:00 AM UTC

While questions remain about how and when a crowd-funding mechanism will be put in place in the U.S., a French biotech last week said its crowd-sourced seed investors achieved a successful exit.

Antabio SAS raised €300,000 ($386,000) in seed money from more than 200 investors through WiSeed, a French crowd-funding platform in which individuals can invest a minimum of €100...