Investment
Sofinnova Partners closes €650 M to support innovation in biotech
Sofinnova Partners, a prominent European venture capital firm focused on life sciences, has announced the successful closing of its latest flagship fund, Sofinnova Capital XI, at €650 million (USD $750 million). The new fund significantly surpasses its initial target, reflecting…
The EVERY Company raises $55 M to scale protein biomanufacturing
The EVERY Company, a biotech leader specializing in precision fermentation for high-functionality proteins, announced it closed a $55 million Series D funding round. The round was led by McWin Capital Partners through its McWin Food Tech Fund, with participation from…
Uluu secures $16 M to scale seaweed-based plastic alternative
Uluu has raised AUD $16 million in Series A funding to develop a demonstration plant and expand its innovative seaweed-based material technology. The funding round was led by Burda Principal Investments, a German growth investor, with support from Main Sequence,…
DP CleanTech secures contract for €50 M biomass project in Spain
DP CleanTech has been awarded a significant contract to design, engineer, and deliver a 50MWe biomass boiler and flue gas cleaning system for the La Robla Green Project in Castilla y León, Spain. This ambitious initiative aims to transform Europe’s…
EIB study highlights bioeconomy’s role in boosting EU’s autonomy and growth
A new study published today by the European Investment Bank (EIB) emphasizes the importance of expanding bio-based industries in the EU. The report shows that scaling these sectors can enhance Europe’s strategic autonomy and global competitiveness. It also highlights the…
Caravel Bio secures $7.8M NSF grant to advance protein engineering
Caravel Bio announced it received a $7.8 million grant from the U.S. National Science Foundation (NSF). This award supports developing tools for building proteins with new chemistries and training machine learning models. The goal is to create innovative products across…