Life sciences-focused venture firm Kurma Partners has secured Pasteur Institute for a third fund dedicated to early and incubation-stage therapeutics companies.

Venture capital firm Kurma Partners has achieved an oversubscribed €160m ($175m) close for its third therapeutics-focused fund with limited partners including research organisation Pasteur Institute.
The close also includes state-owned investment bank Bpifrance and its Investissements d’Avenir scheme, as well as the EU-owned European Investment Fund (EIF), German regional public development bank NRW.Bank, pharmaceutical developer Servier Laboratories and VC firm Idinvest Partners.
Kurma Biofund III will typically invest $10.9m per deal, aiming to assemble a 12 to 15-strong…

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