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Evolva Biotech SA (developing compounds for renal, metabolic, cardiovascular, and infectious diseases) has raised CHF44mm ($42.7mm) with the closing of its Series B venture round. Current backer Aravis led and was joined by fellow shareholders BioMedInvest, Astellas Venture, Dansk Innovation, Novartis BioVenture Fund, Vinci Capital, and Sunstone Capital. New investors Entrepreneurs Fund, Auriga Partners, Vinci Capital & Renaissance PME, and Wellington Partners also participated. Evolva will use the funds for its merger with fellow Swiss biotech Arpida.
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