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BioNTech Raises $270M Series A Round To Pursue FIPCO Model

 
• By Mike Ward

German biotech BioNTech has raised $270m in a Series A round as it seeks to broaden its investor base and finance its ambition to be a global, fully integrated pharmaceutical company (FIPCO). In the past nine years the company has secured $950m – including a $180m seed financing in 2008, various research grants ($50m), and upfront and near-term milestone payments from partners ($450m).

US dollars

BioNTech AG, a fully-integrated biotechnology company based in Mainz, Germany, has boosted its coffers with a $270m series A round led by the Redmile Group and joined by Janus Henderson Investors, Invus, Fidelity Management & Research Company and several European family offices. The Struengmann Family Office, an existing investor in BioNTech, also participated in the capital raise.

Since its formation in 2008, when the company received $180m in a seed round backed by the Struengmann Family Office...

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