French venture capital firm Irdi Soridec Gestion has led a €16m funding round for French pharmaceutical company Advicenne, alongside Cemag Invest, MI Care and existing investors.
Fund targets later-stage venture capital investments, mainly across the DACH region
Company will use the fresh capital for the roll-out and expansion of a new networking platform
VC is joined in the round by Quadia, Localglobe, Atlantic Food Labs, Ideo and Demand Analytics
Deal marks the first acquisition for the GP's latest vehicle, Alto Capital IV