French president Emmanuel Macron has announced that €5bn will be raised from private-sector investors in the next three years to fund startups in their late-stage growth phase and help them become so-called "unicorns".
Backers close a $18.6m round started in 2015 with an initial $10.6m capital injection
GP invests via its Nordic Capital Fund IX, which held a final close on €4.3bn in May 2018
Abalos Therapeutics is a biotechnology company focused on developing immuno-oncology therapeutics
Existing management team will lead the company's future growth and development