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More Spanish Biotechs To Benefit From Ysios Backing

Latest Fund Closes at €216m

 
• By Kevin Grogan

Spain now enjoys a reasonable level of venture capital to help translate its scientific excellence into budding biotechs and the country's major life sciences backer Ysios is looking to unearth more jewels there, as well as in the rest of Europe and North America.

Ysios
Ysios partners (L-R) Raúl Martín-Ruiz, Cristina Garmendia, Julia Salaverria, Karen Wagner, Joël Jean-Mairet, Paula Olazábal

Spain's biotech sector has come a long way in the last decade or so, with its strong science capabilities now augmented by significant investment, much of which has come from Ysios, the country's largest life sciences venture capital firm, which has closed its third fund at €216m ($260m).

Ysios BioFund 3 (YBF 3), the group's largest to date, is targeting seed/early-stage and development-stage biotechs, with investment size per company typically of up to €20m. As with previous funds,...

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