BioCentury
ARTICLE | Financial News

AmorChem raises C$44.2M towards second fund

December 6, 2017 11:45 PM UTC

Montreal VC AmorChem raised C$44.2 million ($34.8 million) towards a planned C$50 million ($39.4 million) life sciences fund.

AmorChem II Fund will invest in seed rounds for biotechs emerging from universities and research centers in Quebec. The fund's LPs include the government of Quebec, Fonds de solidarité FTQ, Merck & Co. Inc. (NYSE:MRK) and undisclosed other investors...