
Balderton and Sofinnova inject €4.5m into MyTomorrows
Balderton Capital and Sofinnova Partners have invested €4.5m in MyTomorrows, a Netherlands-based online platform providing access to experimental healthcare treatments.
The funding will enable the company to invest in the development of decision-making tools for its platform and establish business operations in the US. It will also allow MyTomorrows to increase the number of diseases it focuses on.
The investment represents the business's first round of institutional financing.
The new backers stated they were attracted to the company by the potential social impact of its product and by its ability to safely capitalise on recent government legislation designed to increase access to early-stage drugs.
Company
Headquartered in Amsterdam and founded in 2013, MyTomorrows is an online healthcare platform for people suffering from debilitating diseases. The company currently specialises in medical needs across oncology, central nervous system and orphan diseases.
MyTomorrows makes use of programmes known as "compassionate use programmes" to allow patients access to experimental drugs. The online platform aims to simplify the existing process, which the company describes as "highly complex and bureaucratic".
People
Mark Evans is a general partner at Balderton. Antoine Papiernik is managing partner at Sofinnova. Erdem Yavuz and Ronald Brus are co-founders and CEOs of MyTomorrows.
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