Bio­Gen­er­a­tion Ven­tures clos­es $167M fund to hatch Eu­ro­pean star­tups with back­ing from Eli Lil­ly, No­vo, BMS

Bio­Gen­er­a­tion Ven­tures, a Dutch ven­ture cap­i­tal firm ded­i­cat­ed to ear­ly-stage biotech star­tups, has closed its fifth fund at €150 mil­lion ($167 mil­lion).

While BGV, based in Naar­den, Nether­lands, is fo­cused on drug de­vel­op­ers out of Eu­rope, the fund at­tract­ed a num­ber of fi­nan­cial in­sti­tu­tions or life sci­ences com­pa­nies of US ori­gin, which make up 78% of the new in­vestor base. Its ex­ist­ing cor­po­rate in­vestors, Eli Lil­ly, No­vo Hold­ings and Bris­tol My­ers Squibb, al­so re­turned for Fund V.

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