Biotech Fund Flanders

investment firm

About

Based in Belgium, Biotech Fund Flanders is a venture capital firm focused on emerging biotechnology companies.

  • Antwerp,Antwerpen,Belgium

Details

Founded date
Jan 1, 1994
Operating Status
Active
Investor Type
Government Office,Venture Capital

The Fund was established in 1994 to provide investment support for emerging biotech companies in the region and over its first 10 years invested some 36.3 million euro in businesses that ranged from Plant Genetic Systems, Innogenetics, Devgen and, most recently, Galapagos, a new listing on the stock exchange.

Biotech Fund Flanders, whose portfolio and investment policy were managed by the Governmentâ€:tm:s investment agency GIMV, was due to close investment activities after 10 years and perform only follow-up tasks until 2009. The Minister for the Economy, Fientje Moerman, has announced, however, that it will continue to operate until 2010.

No additional money will be made available – the Fund has some 12 million euro of its own resources from sales of previously held shares and is to recycle this and other returns. Its current portfolio includes investments valued at 19.7 million euro in six companies

Investments

Number of Investments
Number of Lead Investments
9
0
Biotech Fund Flanders has made 9 investments. Their most recent investment was on May 28, 2020, when Virovet raised €6M.
Date Company Name
Round Money Raised Industry Lead Investor
May 28, 2020 Virovet
Series B €6M Biotechnology
Jan 20, 2012 Pronota
Series C €3.70M Biotechnology
Jun 29, 2009 Pronota
Series B $7.36M Biotechnology
Feb 11, 2009 ActoGeniX
Private Equity(PE) €13.50M Biopharma
Jul 3, 2007 Diatos
Series D $12.80M Biotechnology

Exits

Biotech Fund Flanders has had 3 exits. Biotech Fund Flanders most notable exits include ActoGeniX ,   Ablynx

Date Company Name Exit Type Industry
Feb 13, 2015 ActoGeniX M&A Biopharma Detail
Nov 16, 2007 Ablynx M&A Biopharma Detail
Jun 17, 2005 Devgen M&A Mobile Apps Detail