The financial services company Inveready, a member of Catalonia.health, announces the successful closure of its life sciences fund Inveready Innvierte Biotech II. This is the second fund the firm has closed within this investment strategy, following the success of the first fund in 2020, again achieving a return of more than 4x the initial investment.
The funds’ returns were generated through a broad range of transactions across various biomedical subsectors. Among the main success stories are the investments in Palo Biofarma, also a member of Catalonia.health, Apta Targets and Avizorex, whose technologies were licensed or sold to multinational companies such as Novartis, Merck, and Alcon, respectively. Altogether, the fund delivered a 4.3x return to its shareholders. This marks the fourth venture capital fund successfully exited by Inveready, all with consistently positive outcomes.
Established in 2013, Inveready Innvierte Biotech II invested in a total of 22 life sciences companies, allocating 94% of its capital to Spanish businesses. Of the total, 47% was focused on drug development, complemented by investments in OTC products, medical services, and digital health. The fund was supported by institutions such as CDTI Innvierte, Sodena – Sociedad de Desarrollo de Navarra, IVF – Institut Valencià de Finances, ICF – InstitutCatalà de Finances, as well as private, industrial, and family office investors, totalling 50 stakeholders.
Beyond its financial performance, the fund has made a significant impact on the healthcare innovation ecosystem. The companies backed by Inveready Innvierte Biotech II, all in early stages at the time of investment, have created over 2,500 direct jobs, with women representing 57% of the workforce. During the fund’s life, these companies attracted over €500 million in additional investment, with more than €200 million allocated to R&D activities. This investment effort led to tangible results: 29 clinical trials funded, over 50 patent families created, and the introduction of new disruptive tech products to the market.
Comments