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Kurma Partners

Europe, Ile-de-France, France, Paris

Description

Kurma Partners is a prominent European venture capital firm based in Paris, France, dedicated to financing innovation within the healthcare and biotechnology sectors. Established with a clear focus on life sciences, the firm targets companies developing novel therapeutics, diagnostics, medical devices, and digital health solutions. Their investment strategy spans early-stage and growth-stage opportunities, aiming to support the translation of scientific breakthroughs into tangible patient benefits.

The firm manages several funds, demonstrating a significant commitment to the life sciences ecosystem. A key milestone was the closing of Kurma Biofund IV in 2022, which successfully raised €250 million, exceeding its initial target. This fund, alongside previous vehicles like Kurma Biofund III (€160 million), contributes to Kurma Partners' substantial assets under management, which now exceed €500 million. This financial scale enables them to provide robust support to their portfolio companies.

Kurma Partners typically engages as a lead or co-lead investor, often participating in syndicates with other specialized venture capital firms. Their initial investment checks generally range from €3 million to €10 million, providing crucial early capital for promising ventures. Beyond the initial investment, the firm is prepared to commit significant follow-on funding, potentially investing up to €20 million per company over its lifecycle, underscoring their long-term partnership approach. They actively support their portfolio companies through strategic guidance, network access, and operational expertise, aiming to accelerate their development and market entry.

With a portfolio that includes over 50 companies since its inception, Kurma Partners has played a vital role in fostering innovation across Europe's biotech landscape. Their investments have contributed to the development of numerous therapies and technologies, addressing unmet medical needs. The firm's deep scientific and industry expertise allows them to identify and nurture high-potential ventures, solidifying their reputation as a key player in European life sciences venture capital.

Investor Profile

Kurma Partners has backed more than 119 startups, with 12 new investments in the last 12 months alone. The firm has led 60 rounds, about 50% of its total and boasts 12 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in France, The Netherlands, Spain.
  • Strong thematic focus on Health Care, Biotechnology, Pharmaceutical.
  • Led 5 rounds in the past year.
  • Typical check size: $3M – $10M.

Stage Focus

  • Series A (28%)
  • Seed (23%)
  • Series B (21%)
  • Series Unknown (13%)
  • Series C (8%)
  • Series D (3%)
  • Post Ipo Equity (3%)
  • Series E (1%)
  • Debt Financing (1%)
  • Convertible Note (1%)

Country Focus

  • France (58%)
  • The Netherlands (13%)
  • Spain (7%)
  • Switzerland (4%)
  • Sweden (4%)
  • Belgium (3%)
  • Denmark (3%)
  • Germany (3%)
  • United States (2%)
  • Ireland (1%)

Industry Focus

  • Health Care
  • Biotechnology
  • Pharmaceutical
  • Medical
  • Therapeutics
  • Life Science
  • Medical Device
  • Health Diagnostics
  • Biopharma
  • Genetics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Kurma Partners frequently co-invest with?

Ysios Capital
Europe, Pais Vasco, Spain, San Sebastian
Co-Investments: 13
PS
North America, California, United States, San Francisco
Co-Investments: 9
Andera Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 9
EQT Life Sciences
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 22
Illumina Ventures
North America, California, United States, Foster City
Co-Investments: 7
BNP Paribas Développement
Europe, Ile-de-France, France, Paris
Co-Investments: 13
Eurazeo
Europe, Ile-de-France, France, Paris
Co-Investments: 10
Idinvest Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 52
Bpifrance
Europe, Ile-de-France, France, Maisons-alfort
Co-Investments: 25
Pontifax
Asia, Tel Aviv, Israel, Herzliya
Co-Investments: 11

Which angels does Kurma Partners often collaborate with?

YF
Europe, Ile-de-France, France, Paris
Shared Deals: 1
RH
Europe, Ile-de-France, France, Paris
Shared Deals: 1
CS
Europe, Ile-de-France, France, Paris
Shared Deals: 1

What are some of recent deals done by Kurma Partners?

Nuclidium

Basel, Basel-Stadt, Switzerland

Nuclidium is a clinical-stage radiopharmaceutical company that develops novel radionuclide PET tracers for precision diagnostics.

Health CareHealth DiagnosticsMedicalTherapeutics
Series BJul 10, 2025
Amount Raised: $99,518,156
EvlaBio

Zürich, Zurich, Switzerland

EvlaBio is a biotech company focused on the development of drug programs that address significant unmet medical needs.

Biotechnology
SeedJul 7, 2025
Amount Raised: $24,706,028
Elkedonia

Strasbourg, Alsace, France

Elkedonia is a biotech company dedicated to transforming antidepressant therapy.

BiotechnologyHealth CareMedical
SeedJun 11, 2025
Amount Raised: $12,842,202
Nuevocor

Singapore, Central Region, Singapore

Nuevocor operates as a preclinical-stage biotech company.

BiopharmaBiotechnologyMedicalPharmaceutical
Series BMay 6, 2025
Amount Raised: $45,000,000
DeepUll

Barcelona, Catalonia, Spain

DeepUll is a biotech company that focuses its activity on the development of a new diagnostic system for early-stage sepsis condition.

BiotechnologyLife Science
Series CApr 29, 2025
Amount Raised: $57,074,303
Avidicure

South Holland, Illinois, United States

Avidicure is pioneering an entirely new dual agonistic, multifunctional and avidity engineered antibody modality.

SeedApr 24, 2025
Amount Raised: $50,000,000
Poppins

Paris, Ile-de-France, France

We digitize music therapy into engaging products for accessible technologies.

EdTechHealth CareNeuroscienceSoftware
Series UnknownApr 24, 2025
Amount Raised: $5,676,161

Brink Therapeutics is a Biotechnology Research firm conducting cell therapy research using reprogrammed recombinases.

BiotechnologyProduct ResearchTest and Measurement
SeedApr 16, 2025
Amount Raised: $3,962,858
Germitec SAS

Ivry-sur-seine, Ile-de-France, France

Germitec is a healthcare company that designs, Commercialize UV-C disinfection systems for hospital hygiene system.

Health CareMedical
Series BFeb 12, 2025
Amount Raised: $30,043,719
Hopia

Paris, Ile-de-France, France

Optimized resource planning solution for healthcare institutions

Health CareHospital
SeedJan 28, 2025
Amount Raised: $3,651,059