Sofinnova completes first investment in MetGen

Sofinnova completes first investment in MetGen

7:31 AM, 25th February 2013
Sofinnova completes first investment in MetGen

PARIS, FRANCE: Sofinnova Partners’ Green Seed Fund has completed its first investment in MetGen, a start-up company that develops industrial enzymes with applications in pulp and paper, advanced bio-fuels and bio-chemicals industries. MetGen raises a total of €2.2 million in a financing round led by Sofinnova Green Seed Fund with participation from Finnish Industry Investment and Finnvera.

“MetGen fits the profile of the companies we are looking for: created by visionary entrepreneurs, developing targeted solutions that enable developments of large and growing markets,” said Josko Bobanovic, Partner responsible for the fund, Sofinnova Partners.

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