CVC  AbbVie Biotech Ventures

http://www.abbviebiotechventures.com





     Office Locations:

1 Waukegan Road North
Chicago, IL 60064
Phone: 847-938-9400

 

Stages:

  • Early
  • Seed


 

Industries:

  • Life Sciences & Healthcare
  • Medical Device

  •  

    Description:

    AbbVie Biotech Ventures, Inc. (ABVI) is a subsidiary of AbbVie dedicated to making venture capital investments in emerging biotech and pharmaceutical companies. Unlike traditional venture capital firms, ABVI characterizes an investment's success by its potential to significantly increase AbbVie's strategic growth, and not solely by its financial return. Companies with programs ranging from pre-clinical (18 months prior to first-in-human) to early proof-of-concept are of highest interest for potential investment by ABVI. ABVI invests in technologies that are strategic to AbbVie such as neuroscience, immunology, virology, and oncology, as well as emerging or more opportunistic areas of innovation that have the potential to complement AbbVie's existing portfolio or to expand AbbVie's future business reach. The initial investment can range from several hundred thousand dollars up to several million, depending on the opportunity and development stage. However, ABVI will always remain a minority investor.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Charles Kunsch PhD Director
    David Donabedian Ph.D. Managing Director
    Dieter Ziegler PhD Director
    John Gustofson Senior Director
    Margarita I. Chavez Director

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      02/28/2018


      Quentis Therapeutics


      NY


      $48,000,000


      Series A


      12/15/2017


      Jnana Therapeutics


      MA


      $50,000,000


      Series A


      10/31/2017


      Ribometrix


      NC


      $7,500,000


      Seed


      10/04/2017


      Palleon Pharmaceuticals


      MA


      $47,600,000


      Series A


      07/24/2017


      Effector Therapeutics


      CA


      $38,600,000


      Series C


      06/12/2017


      CARMA Therapeutics


      PA


      undisclosed


      First Round


     

    Portfolio companies include:


      Alector
        web link


      Alvine Pharmaceuticals
        web link


      ApoGen Biotechnologies
        web link


      Avaxia Biologics


      CARMA Therapeutics
        web link


      Effector Therapeutics
        web link


      Jnana Therapeutics
        web link


      Lodo Therapeutics
        web link


      Morphic Therapeutic
        web link


      Palleon Pharmaceuticals
        web link


      Quentis Therapeutics
        web link


      Ribometrix
        web link


      Virobay
        web link


     

    Recent News:


      There is no recent news for AbbVie Biotech Ventures.