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Sofinnova raises €275M crossover fund

April 6, 2018 2:46 PM UTC

Sofinnova Partners announced the close of the firm’s first crossover fund at €275 million ($340.5 million), above its original €250 million target. The Paris-based firm has traditionally focused on early stage VC deals.

Sofinnova Crossover I brings Sofinnova's total assets under management to €1.9 billion ($2.4 billion), the majority of which comprise Sofinnova's early stage Capital funds. In December 2015, the firm closed Sofinnova Capital VIII at €300 million ($324.6 million)...

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