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Andera Partners

Europe, Ile-de-France, France, Paris

Description

Andera Partners is a prominent French private equity firm headquartered in Paris, boasting a diverse investment strategy across several distinct franchises. With over €4 billion (approximately $4.3 billion) in assets under management, the firm engages in various stages of private equity, including growth equity, small-cap buyouts, mid-cap buyouts, infrastructure, and particularly, venture capital within the life sciences sector. This multi-strategy approach allows Andera Partners to support companies across different growth phases and industries, from nascent startups to mature businesses.

The firm's venture capital arm, Andera Life Sciences, is particularly focused on early- and late-stage investments in the healthcare and biotechnology sectors. Through its BioDiscovery funds, Andera Life Sciences targets innovative companies developing new therapies, medical devices, and digital health solutions. Their investment philosophy emphasizes long-term partnerships with management teams, providing not only capital but also strategic guidance and operational support to foster significant growth and market leadership.

For its venture investments, Andera Life Sciences typically deploys initial cheques ranging from €3 million to €20 million (approximately $3.24 million to $21.6 million), with the capacity to invest up to €50 million over a company's lifecycle. Since its inception, Andera Life Sciences has demonstrated a strong track record, having supported over 80 companies, contributing significantly to the European life sciences ecosystem. The firm's commitment to fostering innovation and its deep industry expertise make it a key player in the European venture capital landscape, particularly for ambitious life sciences ventures.

Investor Profile

Andera Partners has backed more than 204 startups, with 8 new investments in the last 12 months alone. The firm has led 78 rounds, about 38% of its total and boasts 60 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series Unknown, Private Equity rounds (top funding stages).
  • Majority of deals are located in France, United States, Germany.
  • Strong thematic focus on Biotechnology, Health Care, Medical.
  • Led 3 rounds in the past year.
  • Typical check size: $3.2M – $21.6M.

Stage Focus

  • Series B (23%)
  • Series Unknown (21%)
  • Private Equity (19%)
  • Series A (15%)
  • Series C (14%)
  • Series D (4%)
  • Post Ipo Equity (3%)
  • Seed (1%)

Country Focus

  • France (50%)
  • United States (17%)
  • Germany (8%)
  • Switzerland (6%)
  • United Kingdom (6%)
  • Italy (3%)
  • Belgium (3%)
  • Ireland (2%)
  • Spain (2%)
  • The Netherlands (1%)

Industry Focus

  • Biotechnology
  • Health Care
  • Medical
  • Therapeutics
  • Medical Device
  • Pharmaceutical
  • Biopharma
  • Manufacturing
  • Information Technology
  • Health Diagnostics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Andera Partners frequently co-invest with?

Wellington Partners
Europe, Bayern, Germany, Munich
Co-Investments: 11
OrbiMed
North America, New York, United States, New York
Co-Investments: 10
Gimv
Europe, Antwerpen, Belgium, Antwerpen
Co-Investments: 13
Forbion Capital Partners
Europe, Noord-Holland, The Netherlands, Naarden
Co-Investments: 10
Neomed Management
Europe, Oslo, Norway, Oslo
Co-Investments: 13
EQT Life Sciences
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 18
Sofinnova Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 15
Idinvest Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 10
Bpifrance
Europe, Ile-de-France, France, Maisons-alfort
Co-Investments: 19
Auriga Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 13

Which angels does Andera Partners often collaborate with?

NB
Europe, Basel-Stadt, Switzerland, Basel
Shared Deals: 1
JC
Europe, Surrey, United Kingdom, Weybridge
Shared Deals: 1
EC
Europe, Ile-de-France, France, Paris
Shared Deals: 1

What are some of recent deals done by Andera Partners?

Exciva

Heidelberg, Baden-Wurttemberg, Germany

Exciva develops clinical-stage biopharmaceutical therapies focused on addressing neuropsychiatric symptoms associated with dementia.

BiotechnologyHealth CarePharmaceutical
Series BJan 20, 2026
Amount Raised: $59,408,086
Alveus Therapeutics

Philadelphia, Pennsylvania, United States

Alveus Therapeutics is a clinical-stage biotech company developing therapies for obesity and metabolic diseases.

Biotechnology
Series AJan 8, 2026
Amount Raised: $160,000,000
Spiro Medical

Menlo Park, California, United States

Spiro Medical is a medical device company developing a groundbreaking Pulmonary Neuromodulation (PNM) System for asthma treatment.

BiotechnologyClinical TrialsMedicalMedical Device
Series AJan 7, 2026
Amount Raised: $67,000,000
TargED Biopharmaceuticals

Utrecht, Utrecht, The Netherlands

TargED Biopharmaceuticals is a biotechnology company that develops first-in-class biological drugs to improve treatment of thrombosis.

BiopharmaBiotechnologyHealth CarePharmaceutical
Series ADec 16, 2025
Amount Raised: $25,297,719
Artios Pharma

Cambridge, Cambridgeshire, United Kingdom

Artios Pharma is a biopharmaceutical company that provides new solutions in the DNA damage response (DDR) field.

BiopharmaBiotechnologyMedical Device
Series DNov 17, 2025
Amount Raised: $115,000,000
Adcytherix

Marseille, Provence-Alpes-Cote d'Azur, France

Adcytherix is a biopharmaceutical firm that specializes in the development of new antibody drug conjugates (ADC).

BiotechnologyOncology
Series AOct 16, 2025
Amount Raised: $122,438,699
Tubulis

Munich, Bayern, Germany

Tubulis generates antibody-drug conjugates with unique properties for solid tumor indications.

BiotechnologyHealth CareLife SciencePharmaceuticalTherapeutics
Series COct 15, 2025
Amount Raised: $358,068,338
EG 427

Paris, Ile-de-France, France

EG 427 is a French biotechnology company that pioneers a new approach in gene therapy called pinpoint gene therapy.

BiotechnologyGeneticsTherapeutics
Series BFeb 20, 2025
Amount Raised: $28,166,046
Bioptimus

Paris, Ile-de-France, France

Bioptimus is an AI company that offers a foundation model for biology to fuel breakthrough discoveries and accelerate.

Artificial Intelligence (AI)BiotechnologyGenerative AI
Series AJan 14, 2025
Amount Raised: $41,000,000
FIRE1

Dublin, Dublin, Ireland

FIRE1 and is based in Dublin, Ireland, will focus on developing novel therapeutic devices.

BiotechnologyHealth CareMedical DeviceTherapeutics
Series UnknownJan 7, 2025
Amount Raised: $120,000,000

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