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Series C brings in €20.3mm in equity, €5mm in debt for Promethera; adds €10mm
28 Oct 2016
Promethera Biosciences SA NV, developer of the Promethera HepaStem cell therapy for treating inborn errors of metabolism and acquired liver diseases, raised €20.3mm ($25.2mm) in its Series C financing led by Vesalius Biocapital and Boehringer Ingelheim Venture Fund, which were joined by other returning backers Société Régionale d'Investissement de Wallonie, Shire, Mitsui Global Investment, Vives-Louvain Technology Transfer Office Fund, and business angels, and new investors SFPI-FPIM and SMS Investments. In addition, Promethera received €5mm in debt funding from the Walloon Region. The financing will support ongoing clinical development of Promethera HepaStem, which recently completed Phase I/II.
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