INBRAIN Secures €46M Investment with Eversheds' Guidance
Deal News | Nov 04, 2024 | Iberian Lawyer
Eversheds Sutherland Spain has successfully advised the European Innovation Council Fund in securing a €46 million investment for INBRAIN Neuroelectronics, a Barcelona-based company pioneering in graphene-based neural implants. This financing round included participation from several major investors, such as imec.xpand, AVANSA, Asabys Partners, Aliath Bioventures, Vsquared Ventures, and Fond-ICO, along with existing shareholders. The investment aligns with the European Innovation Council Accelerator Program's initiative to support high-impact innovative companies within the EU. Eversheds Sutherland's team, led by Sixto de la Calle Peral, Diego Muro Matoses, and Mercedes Olmedo González, played a crucial role in this advisory capacity, in collaboration with the European Investment Bank.
Sectors
- Healthcare & Biotechnology
- Private Equity & Venture Capital
- Legal Services
Geography
- Spain – INBRAIN Neuroelectronics is headquartered in Barcelona, Spain, and Eversheds Sutherland Spain provided advisory services.
- European Union – The EIC Accelerator Program, which supports high-impact innovative companies, is an EU initiative and the EIC Fund's investment spans multiple European jurisdictions.
Industry
- Healthcare & Biotechnology – The article focuses on INBRAIN Neuroelectronics, which specializes in developing neural implants, a sector within healthcare and biotech.
- Private Equity & Venture Capital – The investment round secured by various investors, including prominent venture capital firms, highlights the involvement of PE/VC industry in funding innovation.
- Legal Services – Eversheds Sutherland, a legal advisor, plays a crucial role in facilitating the investment transaction, representing the legal services sector.
Financials
- €46 million – Total investment secured for INBRAIN Neuroelectronics in the financing round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| INBRAIN Neuroelectronics | Target Company | Company | A company specializing in innovative graphene-based neural implants. |
| EIC Fund | Bidding Company | Company | A significant investor part of the financing round supporting high-impact EU-based companies. |
| imec.xpand | Investor | Company | Participated in the investment round for INBRAIN Neuroelectronics. |
| AVANSA | Investor | Company | Contributed to the financing round in INBRAIN Neuroelectronics. |
| Asabys Partners | Investor | Company | Participated in the secured investment round with INBRAIN. |
| Aliath Bioventures | Investor | Company | One of the investors in the recent financing round. |
| Vsquared Ventures | Investor | Company | Partook in the investment for INBRAIN Neuroelectronics. |
| Fond-ICO | Investor | Company | Participated as an investor in the financing round for INBRAIN. |
| Eversheds Sutherland Spain | Legal Advisor | Company | Provided legal advice to the EIC Fund during the investment process. |
| European Investment Bank | Investment Advisor | Company | Acted as investment advisor to the EIC Fund. |