Curevo Secures $110 Million in Series B Funding Backed by Sanofi Ventures
Deal News | Mar 17, 2025 | Ropes & Gray
Ropes & Gray has successfully advised Sanofi Ventures on its participation in Curevo Vaccines' $110 million Series B financing round. Curevo is a biotechnology company at the clinical stage, focused on developing vaccines for the varicella zoster virus (VZV). The law firm's team on this deal consisted of Michael Connolly, Derek Mubiru, and Rajarshi Banerjee, all of whom have specialties in venture capital and emerging companies. This significant investment underscores Sanofi Ventures' commitment to advancing vaccine development in the biotech sector.
Sectors
- Biotechnology
- Pharmaceutical
- Venture Capital
Geography
- United States – Ropes & Gray is a U.S-based law firm and the transaction involves Sanofi Ventures, which has a significant presence in the U.S.
Industry
- Biotechnology – The article involves Curevo Vaccines, a biotechnology company focusing on vaccines, which fits into the biotechnology industry.
- Pharmaceutical – Sanofi Ventures is the VC arm of a major pharmaceutical company, which is heavily involved in the pharma industry.
- Venture Capital – The article details a venture capital investment by Sanofi Ventures in a biotechnology firm.
Financials
- $110 million – The amount raised by Curevo Vaccines in its Series B financing round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Curevo Vaccines | Target Company | Company | A privately-held clinical-stage biotechnology company dedicated to developing VZV vaccines. |
| Sanofi Ventures | Investor | Company | The venture capital arm of Sanofi, a global pharmaceutical giant, focusing on innovative healthcare solutions. |
| Ropes & Gray | Legal Advisor | Company | A prominent U.S. law firm providing legal advice on venture capital investments and emerging companies. |
| Michael Connolly | Venture Capital and Emerging Companies Counsel | Person | Part of the Ropes & Gray team advising on the investment transaction. |
| Derek Mubiru | Venture Capital and Emerging Companies Associate | Person | Part of the Ropes & Gray team advising on the investment transaction. |
| Rajarshi Banerjee | Venture Capital and Emerging Companies Partner | Person | Part of the Ropes & Gray team advising on the investment transaction. |