HTGF portfolio company AYOXXA BIOSYSTEMS Extends Series B
Andreas Richter new CFO of AYOXXA
AYOXXA Biosystems GmbH, an international biotechnology company, announces the closing of a third round of Series B financing, bringing the total amount raised to 11.3 Mio. EUR in 2014. An additional 2.3 Mio. EUR were now invested by BioMedPartners AG, Basel and Grazia Equity GmbH, based in Stuttgart, Germany. Both leading European venture capital firms joined the group of established AYOXXA investors, who successfully closed second round in June 2014.
“These funds will allow us to continue our production ramp-up efforts as well as to speed-up our global commercial activities”, said Dr. Andreas Schmidt CEO and Co-founder of AYOXXA Biosystems GmbH.
“We are excited to work with AYOXXA to drive the commercialization of this state-of-the-art multiplex-protein analysis technology”, Dr. Karsten Fischer, BioMedPartners AG commented. “Together with the unique small volume format, this method is enabling research, development and even potential diagnostic questions, so far inaccessible.”
Alec Rauschenbusch, Managing Partner of Grazia Equity GmbH: “With its highly innovative multiplexing system, AYOXXA is setting new standards for applications and analysis of high-value biological samples in the area of medical research and pharmacological screening”
Additionally, the company announces that Andreas Richter will take over the function as CFO in AYOXXA’s Executive Management Team, effective January 1st 2015. “I am pleased to become part of AYOXXA’s business journey. The Series B financing round closed remarkably successful. We will leverage the financial assets to transform from a research-focused into a market-driven company. It is our goal to be partner of choice for life science researchers looking for a robust and flexible protein testing solution”, Richter stated.
Andreas Richter is looking back on about 20 years’ experience in the banking industry and as CFO for life science companies (including Direvo Biotech and 4-Antibody). He has a track record of several successful financing rounds and M&A transactions for growth companies. He already supported AYOXXA during the Series B round as financial advisor.
AYOXXA Biosystems GmbH, an international biotech company based in Cologne (Germany) and Singapore, has developed a proprietary technology platform for multiplex protein analysis. AYOXXA investors include BioMedPartners AG, b-to-v Partners AG, Creathor Venture, Grazia Equity GmbH, High-Tech Gründerfonds, HR Ventures, KfW Bankengruppe, NRW.BANK, Wellington Partners Venture Capital, private investors from US and Europe including Prof. Dr. Detlev Riesner, Co-founder of Qiagen and AYOXXA employees. Core to AYOXXA’s cutting-edge protein multiplexing system is a bead-based technology (IEBA) that yields 10,000-fold more data points than a standard 384-well ELISA. Together with lowest sample volume in the multiplex protein arena, an increased assay robustness, and readout with existing equipment, AYOXXA will innovate biomedical research, pharmacological screening and preclinical diagnostics development.
AYOXXA Biosystems GmbH
Dr. Marion Lammertz
Marketing Manager Communications
Phone: +49 (0) 221 222529 41
About High-Tech Gruenderfonds
High-Tech Gruenderfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gruenderfonds invests EUR 500,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Energy, the KfW Banking Group, as well as strategic corporate investors including ALTANA, BASF, Bayer, B. Braun, Robert Bosch, CEWE, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Lanxess, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss. High-Tech Gruenderfonds has about EUR 576 million under management in two funds (EUR 272 million HTGF I, EUR 304 million HTGF II).
High-Tech Gruenderfonds Management GmbH
Dr. Matthias Dill
Tel: +49 (228) 823 001-00
Fax: +49 (228) 823 000-50