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Announced

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Bpifrance led a $75m Series B round in TreeFrog Therapeutics.

Financials

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Transaction Value£54m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Private

Acquisition

Completed

Single Bidder

Friendly

Biotechnology

Private Equity

Minority

France

Cross Border

biotech startup

Synopsis

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Bpifrance led a $75m Series B round in TreeFrog Therapeutics, a privately held French-based biotech startup, with participation from Leonard Green & Partners, Bristol Myers Squibb and XAnge. The latest funding round will be used to deploy biomimetic C-StemTM technology for clinical-grade manufacturing, grow and advance to the clinic a comprehensive pipeline of cell therapies, and finance the opening of technological hubs in Boston, MA, and Kobe, Japan.

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