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Sofinnova Raises €472m To Build Europe’s Biggest Early-Stage Investment Fund

Reflects Booming Global Life Sciences VC Sector

 
• By Andrew McConaghie

The VC firm is making the most of a surge of capital from new and established investors who believe in the promise of European biopharma start-ups.

Euros in test tube
Investment in Europe's sector is growing fast, with global biopharma VC fundraising set to break records in 2021. • Source: Getty Images

Sofinnova Partners, a leading European life sciences venture capital firm based in Paris, London and Milan, has closed its latest early-stage healthcare venture capital fund, Sofinnova Capital X, oversubscribed at €472m ($548m).

This brings the total amount the VC has raised to €1bn in the last 12 months across its multi-fund platform, and the total

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