Panakès et al. back €9m series-B for Carthera

French VCs Sham Innovation Santé and Supernova Invest, French investment firm Group Arnault, Italy-based VC Panakès Partners and previous investors have backed the business.

Supernova backed the business via its Supernova 2 vehicle, closed on €75m in 2017. Sham Innovation Santé is a venture capital firm advised by Turenne Capital and dedicated to equity investments in health companies.

The proceeds will be used to further advance the SonoCloud technology and develop the clinical pipeline of the company.

Previous funding
France's ministry of research, the Ile-de-France region, BPI France, Medicen Paris Region and Lyonbiopôle are all historical backers of the business.

Company
Founded in 2010 and based in Paris, Carthera designs and develops therapeutic ultrasound-based medical devices for treating brain disorders. Its SonoCloud product is an intracranial ultrasound implant that temporarily opens the blood-brain barrier.

The company is a spin-off from AP-HP, Greater Paris University Hospitals, a hospital group, and Sorbonne University.

People
CarThera - Alexandre Carpentier (founder), Frederic Sottilini (CEO).
Panakès Partners - Diana Saraceni (general partner).
Turenne Capital - Bervin Bouani (senior associate).

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