Biorce secures €5M investment with Cuatrecasas assistance
Deal News | Jul 11, 2025 | Iberian Lawyer
Cuatrecasas, a prominent law firm in Portugal, has successfully advised Norrsken VC on securing a €5 million convertible investment in Biorce, a Portuguese healthtech startup. This strategic funding aims to enhance Biorce's growth trajectory by facilitating its US market penetration, strengthening its technology development, expanding its sales team, and accelerating overall product development. Biorce stands out as a significant player in the health technology sector by utilizing artificial intelligence to expedite clinical trials and advance treatments’ availability. Notably, Norrsken VC is part of Norrsken, a Swedish impact foundation that prioritizes investments in early-stage startups with a focus on impact. The legal advisory team at Cuatrecasas was spearheaded by partner Vasco Bivar de Azevedo, bolstered by the expertise of senior associate Pedro Sousa Gonalves and other associates specializing in venture capital.
Sectors
- Venture Capital
- Health Technology
- Legal Services
Geography
- Portugal – Home base of Biorce and location of Cuatrecasas' legal advisory services for this transaction.
- Sweden – Base for Norrsken, the impact foundation and venture capital firm involved in funding Biorce.
- United States – Future expansion market for Biorce facilitated by the investment.
Industry
- Venture Capital – Involves Norrsken VC's investment activities in early-stage startups, highlighting the role of venture capital in funding and supporting startup growth.
- Health Technology – Biorce operates in the health technology space, focusing on using AI to transform clinical trials and improve treatment processes.
- Legal Services – Cuatrecasas's role in providing legal advocacy and advisory reflects the involvement of the legal services industry in investment transactions.
Financials
- €5 million – The convertible investment amount facilitated by Norrsken VC into Biorce.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cuatrecasas | Legal Advisor | Company | A leading Iberian law firm providing legal advisory services for the transaction. |
| Norrsken VC | Investor | Company | A venture capital entity part of the Swedish Norrsken Foundation, focusing on early-stage impactful investments. |
| Biorce | Target Company | Company | A Portuguese healthtech startup focused on using AI to enhance clinical trial processes. |