ProteoDesign announces Ysios financing round, Asabys and capital Risc and renews its brand under the name Splice Bio - Splice Bio today announced a new round of financing led by Ysios Capital and in which Asabys Partners has participated from its Sabadell asabys fund, as announced by the company itself.
Caixa Capital Risc, a pre-existing shareholder, has also supported the company in setting up this round.
Splice Bio, formerly known as ProteoDesign, is a technology-based biotech company developed at Princeton University that focuses on gene therapy.
The funds will be used to develop new therapies for the treatment of diseases of genetic origin. The company's technology addresses the main limitations of adeno-associated viruses( AAVs), which are the viral vectors used today in this type of therapy.
” We are excited to have closed this round of funding and continue to work towards developing innovative gene therapies to treat patients suffering from incurable genetic diseases, " says Miquel Vila-Perelló, CEO of Splice Bio.
ProteoDesign announces Ysios financing round
The goal of Splice Bio is to develop therapies to treat diseases caused by mutations in large genes; as well as, expand the range of organs that can be treated with such therapies. Among its customers are industry giants such as the American biotech company Amgen.
“We are very pleased with this new investment that could solve two of the critical aspects of gene therapy today. We hope to be able to contribute to the creation of a great company from this unique technological platform", adds Joël Jean-Mairet, Managing Partner at Ysios Capital.
"Splice Bio stands out over other technologies for the quality of its initial data, and we believe that the company has all the ingredients needed to realize the potential of gene therapy. We look forward to continuing to work with the team to develop this promising technology, " says Sylvain Sachot, Principal at Asabys Partners.
The company was founded in 2012 and was inactive until 2014, when it closed a seed capital financing round. In 2018 it also raised 1.7 million euros in a round led by Caixa Capital Risc.
End of ProteoDesign announces Ysios financing round
The coronavirus pandemic will accelerate e-commerce ,but it is still "not too late" for Spanish SMEs to join the online business, according to the former CEO of Amazon in Spain
Less than 25% of Spanish SMEs are prepared to sell via the Internet, according to a study published in June that shows that the coronavirus crisis has exposed the weaknesses of the Spanish business fabric.
While e-commerce giants like Amazon have seen their sales skyrocket during the confinement, SMEs-which in Spain generate more than 10 million jobs, twice as many as large companies— rely on public aid to avoid bankruptcy in the coming months as they try to regain pre-pandemic activity levels.
The undisputed king in Spain of the sector is Amazon, which accounts for 42.6% of online orders in our country, but Francois Nuyts, CEO of Allegro and former CEO of Amazon Spain, says in an interview with Business Insider Spain that" it is not too late " for SMEs to join the online business and even less now that the pandemic will consolidate internet consumption trends.
"More and more consumers are buying online, which means there are more opportunities," he says. "The technology that makes it possible is already there," he adds.
As the largest marketplace in Poland and one of the 10 most important e-commerce platforms in the world, Nuyts places Allegro as a success of a local project that can succeed. "We have existed for 20 years," says the director, who points out that "across Europe there are new startups that are succeeding" in the sector.
So what should be done to encourage majority adoption in Spain?
Nuyts offers a one-step recipe: investing.
Allegro CEO says investment in talent and technology equipment has to be constant. "You have to keep investing and hiring," he warns.
"Technology equipment improves the service offered to customers. And that's what we do," he explains about Allegro's strategy.
For Allegro'S CEO, technology is the key to developing an e-commerce platform and argues that the success of his company - which has just announced its intention to go public in what could be the biggest trading debut of a European company this year— is through its investment in technological talent that continuously improves service and user experience.
In addition, Nuyts advocates knowing the local market very well to adapt the platform to these consumers, and also stresses that companies focus on the online "to do what they know how to do best".
Thus, "as a local player, if you continue to improve the service you offer to consumers and maintain motivation and investment in technology you are able to compete with anyone," he concludes.
Francois Nuyts says he finds it difficult to associate anything positive with the coronavirus pandemic, but acknowledges that it has accelerated e-commerce and boosted sales from marketplaces, including Allegro.
The crisis caused the company to temporarily freeze its plans to jump to the floor and close its offices forcing telework among its corporate employees (a total of 2,400 employees).
The company, unlike Amazon, did not have to prioritize the shipment of essential goods during the crisis and did not experience delays in delivery, says the CEO. This is because they work with a large number of third parties, which means that their delivery infrastructures are not so concentrated.
In addition, Nuyts explains that in Allegro 98% of sellers are third-party companies that also had a large offline presence before the crisis, so the company offered a number of benefits to help them boost online sales.
For starters, they offered the premium version for free to anyone who would like to use it, a kind of premium that allows free shipping. They also prevented price increases and delayed payment of their suppliers ' dues.
"If our sellers are doing well, we are doing well," concludes Nuyts.