BRAIN announces €60m round of financing

November 29, 2012 |

In Germany, BRAIN AG’s supervisory board and the board of management have agreed on a €60m capital increase during the last routine meeting of the supervisory board.
The capital increase helps pave the way for the implementation of BRAIN’s “buy-and-build” industrialization strategy.

A smaller share of the proceeds will serve to further advance BRAIN’S technology platforms, which play a crucial role in the NatLifE 2020 and ZeroCarb FP innovation alliances funded by the German Ministry of Education and Research.

The largest ever round of financing in the area of white biotechnology is led by BRAIN shareholders MP Beteiligung and MIG Fonds, one of the largest institutional investors in the area of biotechnology, and involves several other investors.

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