AdBio Partners launches Montreal office, new €120M fund
French venture firm AdBio Partners is opening a Montreal office and rolling out a new €120 million (about $193 million CAD) fund aimed at early-stage biotech startups. Backers include Quebec’s Fonds de solidarité FTQ, which contributed €7 million. AdBio says it expects to invest roughly 20% of this fund outside Europe—with a focus on Quebec’s life sciences sector, now facing a sharp funding slowdown.
- AdBio’s third fund aims for €120M ($193M CAD)
- Quebec’s FTQ fund commits €7M to AdBio’s fund
- 20% of new fund earmarked for markets outside Europe
- Montreal office is AdBio’s first base beyond Europe
- Life sciences investment in Canada has dropped sharply
Sources covering this
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