Health: a new investment fund for Health Tech companies in Toulouse
Allied to the Eurobiomed health competitiveness cluster, UI Investissement is launching a new investment fund endowed with approximately €100 million to finance regional HealthTech companies.
Detect, finance and support companies in the health sector in Occitania. This is the mission of the new fund launched by UI Investissement, which has joined forces with the Eurobiomed competitiveness cluster, which operates in the Occitanie and Paca regions. The investment company is launching the new Cap Innovation Santé fund, national in scope but with strong roots in the Occitanie and Provence Alpes Côte d’Azur regions. It must make minority co-investments of between 5 and 10 M€ for the benefit of ten to fifteen companies and must reach a total amount of approximately 100 M€.
BPI France, banks and family offices…
The subscribers will be BPI France, the FUI*, banks, family offices, metropolitan areas, etc. The closing of the subscription is scheduled for the summer of 2022 with a first investment in stride. Targets have already been detected. This new financial vehicle “will cover a wide range of needs for companies in the health sector: from series A** fundraising to IPO” announces Aurélie Viau, investment director for Occitanie and Paca at Investment UI. The partnership with Eurobiomed will serve to detect companies in need of financing while providing technical expertise to UI Investissement.
“We support start-ups or growing companies before, during and after fundraising” assures Emilie Royère, the general manager of the competitiveness cluster which brings together 400 members including 330 companies. “In the regions, small tickets have managed to find funding but for the range between 5 and 10 M€ it is more difficult. The fund fills a gap in a fast-growing sector,” assures Aurélie Viau.