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Fundraisings and IPOs

Date: 2011-07-25

Type of information: Fundraising

Company: CEVEC Pharmaceuticals (Germany)

Investors: NRW.BANK (Germany) - Creathor Venture Fonds (Germany) - a group of private and institutional investors - ERP Startfonds of KfW bank (Germany)

Amount: €6 million

Funding type: financing round

Planned used:

The funding enables CEVEC to strengthen the growth of its protein and vaccine commercialization business of the proprietary CAP® Technology platform. CEVEC also intends to develop certain vaccines together with partners based on a further financing round, to be closed by the end of 2011.

Others:

CEVEC Pharmaceuticals has closed a €6M financing round. NRW.BANK and Creathor Venture Fonds led this round which included the participation from current investors, a group of private and institutional investors and ERP Startfonds of KfW bank.

Therapeutic area: Technology - Services

Is general: Yes