Biovance launches healthcare-specialized fund in Portugal
Lisbon-based Biovance Capital Partners, Portugal’s leading life sciences venture capital (VC) firm, has announced the first closing of its new biotech fund.
Biovance Capital Fund I - which has raised 51 million euros ($55 million) so far - is one of the few Iberian funds exclusively focused on early-stage biotech.
The fund has a special focus on Portugal and Southern Europe, where Biovance deems that the exceptional quality of biomedical research, following large public investments, has generated a wealth of technologies ready to be spun-out into new ventures.
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