Techfund et al. invest €2.5m in Polyplus

Techfund Capital Europe invested €1m through its €13.8m AIRFI fund, while Sudinnova – an investment company of CIC Banque de Vizile – provided €500,000. Existing investors CIC Vizille Capital Innovation and CIC Finance invested the remainder of the round.

Popyplus will use the fresh funds to bolster its R&D efforts, notably by hiring up to 10 new researchers and scientists.

Founded in 2001, Strasbourg-based Polyplus-transfection is a biotechnology company focusing on nucleic acid transfer solutions. It currently employs 30 people and generates revenues.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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