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ugichem Closes € 2m Financing Round

Published: August 9, 2011; 15:48 · (Vindobona)

The Tyrolean biotech company secured funding from two major investors and a research grant from the Austrian Research Promotion Agency.

ugichem Closes € 2m Financing Round / Picture: © Vindobona.org

Innsbruck-based ugichem announced the closing of a € 2m follow-up financing. The present lead investor The BioScience Venture Group and the new investor V+ GmbH & Co Fonds 3 KG participated in this € 1.4m equity financing round as well as notable Swiss private investors. Additionally ugichem received a € 0.6m research grant from the Austrian Research Promotion Agency…

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