Stek acts for Sofinnova in Avantium investment

Avantium has completed a EUR 25 million financing round with new investors Sofinnova Partners, Aster Capital and De Hoge Dennen as well as existing investors Aescap Venture, Capricorn Cleantech Fund, ING Corporate Investments and Navitas Capital. Avantium is a leading technology company specialized in the area of advanced high-throughput R&D. The company develops and commercializes YXY – its brand name for chemical building blocks for making green materials and fuels that can compete on both price and performance with oil based alternatives. Sofinnova Partners is an independent venture capital firm based in Paris, France, with EUR 1.1 billion of funds under management. Please click for the press release here on the transaction.