Eversheds Sutherland has advised the EIC Fund

Eversheds Sutherland has advised the European Innovation Council Fund (the EIC Fund) in connection with Cellevate AB raising SEK 39 million in seed financing to accelerate their global commercial launch. The financing round was led by Industrifonden in syndication with the EIC Fund and OnSight Ventures.
 
Cellevate is an innovative biotech company that develops the next generation of cell culture systems designed to revolutionize biomanufacturing.
 
This transaction is in line with the long-term collaboration agreement between Eversheds Sutherland and the European Innovation Council Fund, in which the European Investment Bank (EIB) acts as investment advisor to the fund.
 
Eversheds Sutherland's team consisted of Gabriel Albemark and Therése Berg.