Genesis Biomed to invest an additional €500,000 in 2020
The consulting firm Genesis Biomed has increased the size of its first fund, Genesis Ventures, to 2.5 million euros, half a million euros more than the amount initially raised. The contribution comes exclusively from the three family offices that started the vehicle..
“Despite the Covid-19 crisis, we have full confidence in the powerful work that our companies carry out, so we continue to support them so that they can continue with their projects even in a difficult moment such as the one we are experiencing”, says Josep Lluís Falcó, co-founder & CEO of Genesis Ventures and founder & CEO of Genesis Biomed.
The Genesis Ventures fund is €2M and so far it has invested €1M in 12 spin-offs and startups in the biotechnology and medical device sector. The financing of the projects is carried out with tickets from €50,000 to €100,000, depending on the identified development needs.
► For further information: Genesis Biomed website [+]