Lifeline Ventures led the round, with participation from byFounders, Tesi, and Varma.
The program includes a €140 million EU guarantee provided by the European Commission and €21 million in EU investment grants.
42CAP led the $1.5 million pre-seed, with angels from NVIDIA and Roblox participating
Invest-NL has committed to Keen Venture Partners’ European Defence & Security Tech Fund.
The fresh capital will be used to expand production capacity and strengthen Fasal Bio’s commercial and R&D teams.
The €2 million pre-seed round was led by IBB Ventures.
The round was co-led by Khosla Ventures and Inovo VC, with participation from a16z Scout Fund.
The round was supported by Balnord and Expansion Ventures as co-leads, alongside Keen Defence and Security and the European Innovation Council (EIC).