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Announced

Completed

Seroba Life Sciences led a €21m Series B round in Coave Therapeutics.

Financials

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Transaction Value£18m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Minority

Private Equity

Biotechnology

Private

Friendly

Single Bidder

France

Acquisition

Completed

Venture Capital

clinical stage biotechnology

Synopsis

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Seroba Life Sciences led a €21m Series B round in Coave Therapeutics, a clinical stage biotechnology company focused on developing life changing gene therapies, with participation from Théa Open Innovation, eureKARE, Fund+, Omnes Capital, V-Bio Ventures, Kurma Partners, Idinvest, GO Capital and Sham Innovation Santé/Turenne. "I am very pleased to have successfully completed this fundraising and welcome the new investors alongside our existing investors. Coave Therapeutics is at an exciting point in its development as we look to develop and generate value from our enhanced and selective ALIGATER gene delivery platform. We are confident that this technology will allow us to generate a pipeline of transformative gene therapy products for the treatment of rare ocular and CNS indications," Rodolphe Clerval, Coave Therapeutics CEO.

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