ARTICLE | Finance
Aiming to be ‘European anchor’ in expansion rounds, Kurma raises €160M toward growth fund
Seeking to maintain bigger stakes in later rounds, Kurma raises growth fund amid turbulent public markets
March 7, 2022 10:05 AM UTC
Kurma Partners believes its new Growth Opportunities fund can fill a niche by investing in maturing European life sciences companies that aren’t yet ready to test the public markets, including biopharmas around the proof-of-concept stage.
Kurma said Monday it had raised €160 million ($173.8 million) in the fund’s first close, with a €250 million target for a final close. The vehicle will complement Kurma’s core series of Biofunds including the current 2020-vintage, €160 million Biofund III, with which it emphasizes company creation...
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