German venture capital investor High-Tech Gründerfonds (HTGF) has led a €9m series-A round for drug candidate developer Audiocure Pharma.
As part of the deal, hearing implant producer Med-El received exclusive licensing rights as well as a stake in the business, while existing investor HTGF increased its stake. According to a statement,...
Deal marks the second bolt-on for the business, following the acquisition of Swiss diagnostic imaging provider IRD
Deal marks the second investment made from the GP's 2016-vintage sixth vehicle, which closed on £660m
Acquisition is the company's first out of two planned for this year with ActoMezz's backing
Total commitments for the fund fell some way short of the vehicle's €350m target and €400m hard-cap