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ProtAffin AG Completes Second Closing of Series A Financing



1/14/2008 8:00:13 AM

GRAZ, Austria, Jan. 14, 2008 : ProtAffin Biotechnologie AG, a biotechnology company developing protein therapeutics that act by targeting glycan structures, today announced that it has completed a second closing of its Series A financing. The Entrepreneurs Fund BV invested €1.35m in the second closing, in addition to the €2.65m first closing in May 2007 from Aescap Venture Management BV and Z-Cube Srl. This brings the total funds raised in the Series A financing to €4m.

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