ARTICLE | Financial News
As resources diversify, Sofinnova Partners stays course with new €333M fund
Sofinnova’s ninth core fund will stick with the French VC’s early stage, company-building approach
October 17, 2019 6:01 AM UTC
Updated on Oct 17, 2019 at 10:52 PM UTC
Although European venture firm Sofinnova Partners isn’t planning major changes for its largest-ever ninth fund, the firm will be investing the new vehicle alongside several other vertically oriented funds Sofinnova has raised to complement its core early stage, company-building approach.
The firm closed Sofinnova Capital IX at €333 million ($366.9 million). The fund is just over 10% larger than its €300 million, 2015-vintage eighth fund and 30% larger than its first pure life sciences fund, 2012’s €240 million Fund VII...
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