Ledger. Australian venture funding, tracked

Corporate / CVC

AMOREPACIFIC Ventures

The corporate venture fund of Amore Pacific, the largest cosmetic company in Korea.

Seoul, OS

Coverage

Stories naming AMOREPACIFIC Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Grant

Allergan to Acquire Elastagen to Access Next Generation Injectable Portfolio

Sydney-based tropoelastin biotech Elastagen agreed to an Allergan takeover offering US$95 million upfront plus contingent payments; the GBS Ventures-backed company previously drew MDF and federal grant funding.

Also GBS Ventures

Series B $14m

Cell Innovation Partners, Japanese venture group, invests in Elastagen as part of a Second Close to the Series B Equity Financing.

Cell Innovation Partners invested A$1 million in Sydney biotech Elastagen within a second close of its A$14 million Series B, with AMOREPACIFIC Ventures, Korea Investment Partners and the Wellcome Trust also joining the round.

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