Rather than grimly assembling data about cancer deaths to predict outcomes in treatment, the founders of Cure51 had another idea.
Instead, the company assembles data about long term survivors of cancer, thus hoping to crack the code on what keeps people alive.
It’s now raised a €15 million Seed round led by Paris-based Sofinnova Partners.
Other investors in this round included: Hitachi Ventures GmbH, Life Extension Ventures, Xavier Niel, and Olivier Pomel, CEO, and co-founder of Datadog.
Both had previously worked in five well-known oncology centers, such as the Gustave Roussy Institute in Paris and the Vall d’Hebronin Barcelona.
A few years ago, setting up shop in Europe was the soup du jour for North American VCs.
North American VCs, understandably, want a piece of that market, but setting up a successful, long-term strategy in the region hasn’t proved easy.
The European startup market comes with nuances that make it a difficult one for North American investors.
It’s no wonder then that North American investors have struggled to find a secure footing as they try to straddle the Atlantic.
The American guys will enter anyway at the Series A or B.”Reason to keep tryingDespite all those challenges, though, North American firms are still trying to plant roots in the region.
Equity Down Under: How Australian startups can crack the US marketListen here or wherever you get your podcasts.
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
For this episode of Equity, we spoke to two Aussie VCs: Dan Krasnostein of Square Peg and Gabrielle Munzer of Main Sequence.
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