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Biocartis SA gets €30mm via Series B

Executive Summary

Molecular diagnostics company Biocartis SA raised €30mm ($40.2mm) in its Series B financing to first-time backers Debiopharm Group and Johnson & Johnson Development Corp., which were joined by returning shareholders Aescap, Biovest, Advent Venture Partners, Biocartis employees, and Benaruca (the family investment firm of the company's co-founder and CEO Rudi Pauwels). Funding will support continued late-stage development of its diagnostics platform. A member of Debiopharm will join the Biocartis board.
Deal Industry
  • Biotechnology
    • Pharmacogenetics-Pharmacogenomics
  • In Vitro Diagnostics
    • Chemistry, Immunoassay
    • Molecular Diagnostics & Genetic Testing
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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