Ledger. Australian venture funding, tracked

Company

Korea Investment Partners

Seoul, OS

Coverage

Stories naming Korea Investment Partners. 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.

Something wrong? Tell us