Round size surge gives France largest-ever Series A — Scam Guards

 Round size surge gives France largest-ever Series A — Scam Guards

A French healthtech company has raised the country’s largest Series A ever, as round sizes across the continent — and particularly in France — balloon.

Paris-based Mnemo Therapeutics set the record Wednesday with the announcement of a €75m Series A round, led by Casdin Capital and Sofinnova Partners.

Mnemo’s round has taken the top Series A spot from Vade Secure, a security startup working on preventing email scams that raised a €65m round in 2019. 

Mnemo is developing cell therapies to improve the body’s ability to fight disease, aiming to treat people with cancer.

“The scene in France is changing,” says Alain Maiore, cofounder of the company. “Beyond what Mnemo is doing, what Sofinnova is contributing, there are more players growing up in France and being more ambitious.”

France isn’t the only country seeing larger round sizes. It’s a phenomenon occurring across Europe — a sign its tech…

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