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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.

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