LSP in $50m series-A for Snipr Biome

Copenhagen-based North-East Family Office and Munich-based VC Wellington Partners also joined the round.

LSP had a first close on its Life Sciences Partners VI fund on €410m in November 2018.

Lundbeckfonden Emerge is part of an industrial foundation with a market value of around $10bn.

The fresh capital will be used to develop the company's technology platform and its first clinical programmes.

Previous funding
Lundbeckfonden Emerge, which is the early-stage investment arm of the Lundbeck Foundation, invested an undisclosed sum in an exploratory investment in 2017.

Company
Snipr Biome is a biotechnology company that is developing the use of CRISPR technology to eradicate target bacteria while leaving the rest of a patient's microbial community intact. The company employs approximately 20 people and is based in Copenhagen.

People
Lundbeckfonden Emerge – Christian Elling (managing partner).
Life Sciences Partners – Joachim Rothe (partner and director).
Wellington Partners – Regina Hodits (managing partner, director).
Snipr Biome – Christian Grøndahl (co-founder & CEO).

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• Topics
• Early-stage
• Nordics
• Healthcare
• Nordic healthcare
• healthcare
• Life Science Partners
• Wellington Partners
• Venture