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Unquote
  • Early-stage

Alta Life Sciences invests in Inbiomotion

  • Alessia Argentieri
  • Alessia Argentieri
  • 22 January 2021
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Alta Life Sciences has led an investment round for Barcelona-based Inbiomotion, a biotech company specialising in diagnostics for breast cancer.

The investment was made via Alta Life Sciences Spain I, a vehicle managed by Altamar Private Equity. The fund invests in the biotechnology, biopharma, medical devices, diagnostics, genomics and digital health industries. It usually leads seed, series-A and series-B funding rounds.

Existing investors, including Institut Català de Finances (ICF), also took part in the financing for Inbiomotion.

Inbiomotion

  • DEAL:

    Early-stage

  • LOCATION:

    Barcelona

  • SECTOR:

    Biotechnology

  • FOUNDED:

    2010

The company intends to use the fresh capital to reach regulatory approval for its proprietary biomarker, and start commercialisation next year.

Previous funding
Spanish life-sciences-dedicated firm Ysios Capital led a €2m series-A round for Inbiomotion, through its Ysios BioFund I fund, in July 2012. Fundació Vila Casas and JVRisk Technologies also participated in the round.

In March 2016, Caixa Capital Risc led a €2.2m series-B round for Inbiomotion, investing via Caixa Innvierte BioMed II fund. Existing investors Ysios Capital and Fundación Vila Casas also contributed to the round.

Company
Founded in 2010 as a spinout from research institutions IRB Barcelona and ICREA, Inbiomotion specialises in developing a single gene-based biomarker test for predicting responses to bisphosphonates in breast cancer. This helps personalise the adjuvant treatment of early-stage breast cancer and prevent metastasis.

People
Inbiomotion – Roger Gomis (founder).
Alta Life Sciences – José Antonio Mesa (partner).

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