France-based life sciences venture capital firm Sofinnova Partners’ Green Seed Fund has made its first investment by leading the €2.2m ($3m) round for MetGen, a Finland-based developer of novel enzymes for pulp and paper, biofuel and waste water treatment industries. Finland state-backed investment companies Finnvera and Finnish Industry Investment also invested in MetGen, which provides laccase enzymes to improve bioconversion of lignocellulosic biomass into biofuels and clean up waste water from pulp plants. In December, Solvay, a Belgium-based chemical group, made a €5m ($6.6m) commitment into the Green Seed Fund, which closed at €22.5m. Other limited partners in the Green Seed Fund are agri-industrial primary processing company Siclaé, Sofiproteol, a VC firm promoting the devlopment of oilseeds, Unigrains, a private equity and venture capital firm that specializes in mezzanine financings, and CDC Entreprises, a state-backed fund management company.
- News & Analysis
- Global Corporate Venturing
- Global University Venturing
- Latest News
- Deal Data
- Community & Events
Solvay-backed fund catalyses MetGen
Feb 13, 2013 • Global Corporate Venturing
LEADERSHIP SOCIETYInforming, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.
Featured ContentFUNDING ROUND DATA Which corporates are backing which startups? Search our corporate deal database.
FUNDING ROUND DATA
Which corporates are backing which startups? Search our corporate deal database.NOMINATE Nominations for the GCV Powerlist 2024 are now open
Nominations for the GCV Powerlist 2024 are now openEventsWebinar: Startups and Strategics – What works and what doesn’tEventsGCV Institute: Landing the Value of Corporate VenturingTop News
GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.test reg