
Seventure and Lundbeckfond inject €5m in Enterome
Seventure Partners and Lundbeckfond Ventures have provided French biotech company Enterome with a €5m series-A round of funding.
This follows a €1.5m seed round from Seventure Partners (Natixis) and INRA Transfert, completed at an unspecified date.
The fresh funds will allow Enterome to validate its proprietary biomarkers, translate them into medical diagnostics and commercialise them in the US and Europe. The company also plans to initiate industrial partnerships in the pharmaceutical and nutrition fields.
Company
Enterome is currently developing drugs and biomarkers for medical conditions relating to abnormalities of the human intestine's bacterial composition.
Enterome's technology was initially developed at the INRA (Institut National de la Recherche Agronomique) in Jouy-en-Josas. It is targeting diseases such as NASH, type-II diabetes, and inflammatory bowel diseases (Crohn's disease and ulcerative colitis).
Based in Paris, the business currently employs six people.
People
Isabelle de Cremoux led the deal for Seventure Partners. Lundbeckfond Ventures was represented by Johan Kordel. Pierre Belichard is CEO of Enterome.
Advisers
Company - Nixon Peabody, Emmanuelle Porte, Sylvie Hamel (Legal).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater