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DROIA

Founders Luc Verelst

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 28
Average round size
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The average size of a deal this fund participated in
$50M
Portfolio companies 18
Rounds per year 2.15
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.32
Exits 1
Key employees 6

Areas of investment

  • Biotechnology
  • Medical
  • Pharmaceutical
  • Therapeutics
  • Health Care
Summary

DROIA appeared to be the VC, which was created in 2011. The main office of represented VC is situated in the Luxembourg. The fund was located in Europe if to be more exact in Luxembourg.

The fund has no specific favorite in a number of founders of portfolio startups. In case when startup counts 3 or 5+ of the founder, the chance for it to get the investment is meager. Among the most successful fund investment fields, there are Therapeutics, Business Development. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Frontier Medicines, Cyteir Therapeutics, OCTIMET Oncology.

The typical case for the fund is to invest in rounds with 6-7 participants. Despite the DROIA, startups are often financed by Celgene, The Column Group, Venrock. The meaningful sponsors for the fund in investment in the same round are Celgene, Venrock, The Column Group. In the next rounds fund is usually obtained by Celgene, Wellington Management, Venrock.

This organization was formed by Luc Verelst. Besides them, we counted 2 critical employees of this fund in our database.

The top amount of exits for fund were in 2018. Considering the real fund results, this VC is 30 percentage points more often commits exit comparing to other organizations. Deals in the range of 10 - 50 millions dollars are the general things for fund. The fund is constantly included in less than 2 investment rounds annually. The top activity for fund was in 2017. Despite it in 2019 the fund had an activity. This DROIA works on 16 percentage points less the average amount of lead investments comparing to the other organizations.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Frontier Medicines

Artificial Intelligence
Biotechnology
Pharmaceutical
$80M22 Feb 2024 San Francisco, California, United States

Accent Therapeutics

Biotechnology
Medical
Pharmaceutical
Therapeutics
$75M23 Jan 2024 Lexington, Kentucky, United States

Vico Therapeutics

Health Care
Medical
Pharmaceutical
$63M05 Jan 2024 Leiden, South Holland, Netherlands

Hyku

Biopharma
Biotechnology
Life Science
$56M19 Sep 2023 Lexington, Kentucky, United States

Actio Biosciences

Bioinformatics
Biotechnology
Genetics
$55M12 Sep 2023 San Diego, California, United States

Volastra Therapeutics

Biotechnology
Medical
$60M07 Mar 2023 New York, New York, United States

Vicinitas Therapeutics

Biotechnology
Life Science
Therapeutics
$65M28 Jul 2022 San Francisco, California, United States

AmbAgon Therapeutics

Biotechnology
Medical
Product Research
$85M06 Jan 2022 San Francisco, California, United States

Frontier Medicines

Artificial Intelligence
Biotechnology
Pharmaceutical
$88M19 Jul 2021 San Francisco, California, United States
News
Hummingbird Bioscience Raises US$125M in Series C Financing

– Hummingbird Bioscience from Singapore develops precision therapies against hard-to-drug targets to improve treatment outcomes.
– Series C $125m round brings company valuation to more than $1b.
– The round was led by Novo Holdings with participation from new investors – Frazier Healthcare Partners, Octagon Capital, EDBI, AMGEN Ventures, DROIA Ventures, Morningside Ventures, Pureos Bioventures, Polaris Partners, Affinity Asset Advisors, Ally Bridge Group and Altrium Capital Management and existing investors SK Inc, Heritas Capital, and Mirae Asset Venture Capital.

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Total investments 28
Average round size 50M
Rounds per year 2.15
Peak activity year 2020
Lead investments 4
Follow on index 0.32
Exits 1
Group Appearance index 0.96

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Frontier Medicines

Artificial Intelligence
Biotechnology
Pharmaceutical
$80M22 Feb 2024 San Francisco, California, United States

Accent Therapeutics

Biotechnology
Medical
Pharmaceutical
Therapeutics
$75M23 Jan 2024 Lexington, Kentucky, United States

Vico Therapeutics

Health Care
Medical
Pharmaceutical
$63M05 Jan 2024 Leiden, South Holland, Netherlands

Hyku

Biopharma
Biotechnology
Life Science
$56M19 Sep 2023 Lexington, Kentucky, United States

Actio Biosciences

Bioinformatics
Biotechnology
Genetics
$55M12 Sep 2023 San Diego, California, United States

Volastra Therapeutics

Biotechnology
Medical
$60M07 Mar 2023 New York, New York, United States

Vicinitas Therapeutics

Biotechnology
Life Science
Therapeutics
$65M28 Jul 2022 San Francisco, California, United States

AmbAgon Therapeutics

Biotechnology
Medical
Product Research
$85M06 Jan 2022 San Francisco, California, United States

Frontier Medicines

Artificial Intelligence
Biotechnology
Pharmaceutical
$88M19 Jul 2021 San Francisco, California, United States
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