In its 53 year history, Sofinnova Partners has invested in more than 500 companies. The venture capital firm now has €1.2 billion to invest in more.
The additional funds have come at a fast clip. Paris-based Sofinnova said Tuesday that more than €1 billion of the new capital was secured in the last quarter. The firm’s assets under management now top €4 billion.
Sofinnova breaks out its investments into seven categories, which it calls investment strategies. These strategies span areas such as biotech, medtech, and digital medicine. Sofinnova has invested in companies such as vision disorders biotech Tenpoint Therapeutics and neurodegenerative disease-focused Asceneuron.
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The firm did not say how much money was going to each of its strategies, adding that details on individual funds will be disclosed upon their final closings. The money is coming from institutional investors, sovereign wealth funds, corporations, and family offices.
“With the new funds, we anticipate supporting 50 to 60 new companies, empowering a new wave of entrepreneurs tackling some of the world’s most pressing health and sustainability challenges,” Chairman and Managing Partner Antoine Papiernik said in a prepared statement.
In a report detailing the outlook for healthcare and life sciences in 2025, Pitchbook said venture investment will be defined by fewer but larger deals and funds. Macroeconomic pressures are accelerating this trend. Interest rates remain high and credit markets are tight, constraining the availability of venture capital, the report said. That prompts investors to prioritize de-risked opportunities.
“Investors are gravitating toward late-stage companies with strong clinical validation, scalable technologies, and a clear path to monetization through licensing or acquisitions,” Pitchbook said in the report. “This shift is particularly evident in the rise of average deal sizes, which have increased as funding concentrates on fewer, high-impact opportunities.”
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Sofinnova isn’t the only European VC firm raking in new capital to deploy across fresh investments. Last October, Netherlands-based Forbion announced it had raised more than €2 billion for two funds, bringing its assets under management to €5 billion.
By exceeding its fundraising targets, Forbion said it will be able to increase the number of investments and the size of the investments. The firm said the two funds will invest in about 15 new companies. Forbion co-led the $411 million Series A round announced in January for Verdiva Bio, a biotech advancing to Phase 2 testing with an oral GLP-1 obesity drug.