PathoQuest, a life sciences spin-out of the Pasteur Institute and the Ecole Nationale Vétérinaire d’Alfort (ENVA), has raised €3.8m ($5m) in series B private equity (PE) funding.
Participants in the round were PE firms IDInvest Partners, Kurma Life Science Partners, and Aurinvest.
The funding will be used to fuel Paris-based PathoQuest’s trials and technology development. The firm is working on next-generation infectious disease diagnostic arrays, which it plans to launch in 2015.