# Biovance Capital: portfolio, investments and team

> Biovance Capital is a vc firm based in Portugal. 3 investments on record, 2 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/biovance-capital (Millionrounds; every figure on the page links to its filing or article)

Portugal · [Investor](https://millionrounds.com/investors)

# Biovance Capital

Last cheque observed Sep 2026; 3 cheques on record.

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Deploying now New fund $64M, Jun 2025 VC firm

Seed Series A Biopharma

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Deploying now

**100%** of best year **2** **cheques in 12 months**, 3 on record

Since the last cheque **54** days **00** hrs **00** min **00** sec

Median round **$9.6M** Rounds led **3 of 3**

Pitch Biovance Capital

## Biovance Capital highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A and Seed: 100% of its rounds
- 03 Led 3 rounds

## What they do

> We invest across Europe in early-stage biopharma companies From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Biopharma
- **Based in:** Lisbon, Portugal
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **3 appearances**

- **2026** 2 rounds
- **Sept** **[Vaxdyn](https://millionrounds.com/company/vaxdyn)** Series A · ES · Biovance Capital **$13M** *Led*
- **Apr** **[Laigo Bio](https://millionrounds.com/company/laigo-bio)** Seed · NL · Biovance Capital **$6.4M** *Led*
- **2025** 1 round
- **Sept** **[Mondego Bio](https://millionrounds.com/company/mondego-bio)** Series A · PT · Biovance Capital **Undisclosed** *Led*

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Who backs their funds

## 3 LPs on record in Biovance Capital's funds

- **Funds:** 1

The institutions that put money into its funds, which the firm then invests in companies. Source: fund news.

- [**European Investment Fund** 1 fund](https://millionrounds.com/fund/european-investment-fund-eif) Fund Vintage Committed Biovance Capital Biovance Capital Fund I - -
- [**European Commission** 1 fund](https://millionrounds.com/fund/european-commission) Fund Vintage Committed Biovance Capital Biovance Capital Fund I - -
- [**Caixa Capital** 1 fund](https://millionrounds.com/fund/caixa-capital) Fund Vintage Committed Biovance Capital Biovance Capital Fund I - -

New fund on file

**$64M**

raised in Jun 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A

Median round joined **$9.6M** the round, not its cheque

Led 3 of 3 rounds **100%**

- **Sole investor:** Never alone
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Series A said *2*
- Seed said *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

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## Recently backed

The latest companies Biovance Capital put money into.

[**Vaxdyn** $13M · Sept 2026](https://millionrounds.com/company/vaxdyn)[**Laigo Bio** $6.4M · Apr 2026](https://millionrounds.com/company/laigo-bio)[**Mondego Bio** Sept 2025](https://millionrounds.com/company/mondego-bio)

## Quick answers about Biovance Capital

### What does Biovance Capital invest in?

Biovance Capital invests most often at Series A and Seed (100% of the rounds on record), in sectors such as Biopharma.

### How active is Biovance Capital?

3 investments on record, 2 of them in the last 12 months, and it led 3. The most recent was in Sept 2026.

### What has Biovance Capital invested in recently?

Its most recent investments on record: Vaxdyn (Series A, Sept 2026), Laigo Bio (Seed, Apr 2026) and Mondego Bio (Series A, Sept 2025).

### How big are Biovance Capital's cheques?

The median round it joins is $9.6M.

### Is Biovance Capital investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### What kind of investor is Biovance Capital?

Biovance Capital is a VC firm based in Lisbon, Portugal.

### Has Biovance Capital raised a new fund?

Its latest fund filing with the SEC was in Jun 2025, reporting $64M raised.

### Where does this information on Biovance Capital come from?

From 4 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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