Unternehmertum Venture Capital Partners has returned to back a series B round for Dynamic Biosensors, a spinout from Technical University of Munich.
Dynamic Biosensors, a Germany-based biotech spinout from Technical University of Munich (TUM) has closed a €5m ($6m) series B round that featured Unternehmertum Venture Capital Partners.
Unternehmertum Venture Capital Partners, the investment arm of the institution’s tech transfer office Unternehmertum, was joined by Bavarian state-owned firms Bayern Kapital and BayBG Bayerische Beteiligungsgesellschaft.
Dynamic Biosensors was founded in 2012 and is based on research jointly conducted by TUM and IT equipment manufacturer Fujitsu. The spinout has developed biochip technology that allows drug developers to quickly determine if a compound has the desired effect.
The series B funding will enable the company to widen its product offering and to boost its distribution and marketing activities.
Dynamic Biosensors previously raised an undisclosed amount in a series A round in 2013 from Unternehmertum Venture Capital Partners, Bayern Kapital, Biom and Extorel.
