Sanofi Backs Enveda in $150M Series C Financing
Deal News | Feb 26, 2025 | Ropes & Gray
Ropes & Gray has represented Sanofi in its significant investment in Enveda's $150 million Series C financing round. Enveda is a biotechnology firm that leverages artificial intelligence to explore and understand the diversity of molecules produced by living organisms. This investment is expected to support Enveda's efforts in expanding its chemical biodiversity database, enhancing the capacity to identify novel therapeutics. The Ropes & Gray advisory team comprised several experts in venture capital and emerging companies, ensuring high-caliber legal guidance for Sanofi during the transaction. This move highlights the continued interest and investment focus of major pharmaceutical companies like Sanofi in innovative biotechnology solutions.
Sectors
- Biotechnology
- Pharmaceuticals
- Legal Advisory
Geography
- Global – The transaction involves global entities with Sanofi as a leading international pharmaceutical company.
Industry
- Biotechnology – Enveda operates in the biotechnology sector, specifically focusing on utilizing AI for discovering molecules in living organisms.
- Pharmaceuticals – Sanofi is a major player in the pharmaceutical industry, involved in this investment to potentially enhance its therapeutics pipeline.
- Legal Advisory – Ropes & Gray provided legal counsel, marking a critical advisory role in the transaction.
Financials
- $150 million – The amount raised in Enveda's Series C financing round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sanofi | Investor | Company | A global pharmaceutical company making a strategic investment in Enveda. |
| Enveda | Target Company | Company | A biotechnology firm using AI to identify and categorize molecules. |
| Ropes & Gray | Legal Advisor | Company | A law firm providing legal advisory services to Sanofi for the investment. |
| Michael Connolly | Counsel | Person | Venture capital and emerging companies counsel at Ropes & Gray. |
| Derek Mubiru | Associate | Person | Venture capital and emerging companies associate at Ropes & Gray. |
| Dean Mosley | Associate | Person | Corporate associate at Ropes & Gray. |
| Rajarshi Banerjee | Partner | Person | Venture capital and emerging companies partner at Ropes & Gray. |