Industrifonden Cimon Medical, DSM Venturing, management and other private investors have sold Lipid Technologies Provider AB (LTP) to DSM Food Specialties BV for SEK 225m. Industrifonden first invested in LTP in 2001. The company develops, produces and commercialises lipid-based formulations and products.
New funding is reportedly three parts equity and one part debt, and brings Voi's total funding to $360m
Company intends to use the fresh capital to further boost its expansion across Europe and the US
PST is a group of seven companies in Battery Ventures XI fund, which closed in 2016
Sale comes six years after the GP, alongside Tesi, acquired the company from CapMan