Key Takeaways
- • Angelini Ventures, BioGeneration Ventures (BGV), Kurma Partners and the European Investment Bank (EIB) co-led a $58 million Series A round in Dutch biotech RougeTx to fund development of drug RTX-001.
- • London fintech TrueLayer raised $27 million from lead investor CDP Venture Capital, bringing its total funding since 2016 founding to $349 million.
- • Dialybrid closed a €15 million Series A led by XGEN Venture, with participation from CDP Venture Capital.
- • LimoLane, a Cherry Bay Capital Group portfolio company, acquired French firm Evendis.
- • NVM Ventures raised €23.6 million for NVM Venture Lazio against a €35 million target.
Summary
Angelini Ventures, the corporate venture arm of Angelini Industries led by CEO Paolo Di Giorgio, BioGeneration Ventures (BGV), Kurma Partners and the European Investment Bank (EIB) co-led a $58 million Series A round in Dutch biotech RougeTx, according to BeBeez International. The proceeds will fund development of drug RTX-001. Epidarex Capital, Vesalius Biocapital Partners, ROM Utrecht Region, p53 Invest and Kerna Ventures also participated. Founded in 2021 by Franck Lebrin and Jérémy Thalgott, RougeTx is led by CEO Andrew Lightfoot, with Alexandra Glucksmann as executive chair. Regina Hodits, a managing director of Angelini Ventures, will join the board alongside representatives of BGV, Kurma Partners, Epidarex Capital and Vesalius Biocapital Partners.
London-based fintech TrueLayer, founded in 2016 by CEO Francesco Simoneschi and CTO Luca Martinetti, raised $27 million from lead investor CDP Venture Capital and other investors. BeBeez reports that the company has raised $349 million since its founding. Mario Branciforti heads the Large Venture fund at CDP Venture Capital. Prior backers include Northzone, Tencent, Tiger Global, Temasek and Stripe.
Dialybrid, a company formed in August 2020 through a partnership between founder, chairman and CEO Francesco Greco and LIFTT, secured a €15 million Series A round led by XGEN Venture, with CDP Venture Capital also participating. A&O Shearman advised on the deal, and Sani Zangrando Studio Legale Associato advised the company. Delta Med, a portfolio company of White Bridge Investments and Augens Capital, holds 77% of BEL, while Greco owns 23%.
SimpL raised a €1.2 million pre-seed round led by Techshop Capital, with Vento Ventures – Exor and business angels participating. Zest completed its exit from Epic Holding for €0.863 million, with a 16% IRR and 3.5x return on investment. LimoLane, a Cherry Bay Capital Group portfolio company founded by Fabio Nalucci, acquired French firm Evendis from its founders. NVM Ventures, a Luxembourg-based vehicle, raised €23.6 million for NVM Venture Lazio, short of its €35 million target. NATAM Management Company, a Banca Finnat subsidiary, will administer the fund.
London-based fintech TrueLayer, founded in 2016 by CEO Francesco Simoneschi and CTO Luca Martinetti, raised $27 million from lead investor CDP Venture Capital and other investors. BeBeez reports that the company has raised $349 million since its founding. Mario Branciforti heads the Large Venture fund at CDP Venture Capital. Prior backers include Northzone, Tencent, Tiger Global, Temasek and Stripe.
Dialybrid, a company formed in August 2020 through a partnership between founder, chairman and CEO Francesco Greco and LIFTT, secured a €15 million Series A round led by XGEN Venture, with CDP Venture Capital also participating. A&O Shearman advised on the deal, and Sani Zangrando Studio Legale Associato advised the company. Delta Med, a portfolio company of White Bridge Investments and Augens Capital, holds 77% of BEL, while Greco owns 23%.
SimpL raised a €1.2 million pre-seed round led by Techshop Capital, with Vento Ventures – Exor and business angels participating. Zest completed its exit from Epic Holding for €0.863 million, with a 16% IRR and 3.5x return on investment. LimoLane, a Cherry Bay Capital Group portfolio company founded by Fabio Nalucci, acquired French firm Evendis from its founders. NVM Ventures, a Luxembourg-based vehicle, raised €23.6 million for NVM Venture Lazio, short of its €35 million target. NATAM Management Company, a Banca Finnat subsidiary, will administer the fund.
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