A consortium led by Jeito Capital of France has raised €132 million in new funds for Azafaros BV of the Netherlands enabling it to advance an experimental compound for rare metabolic disorders into Phase 3. Co-leading the Series B round was Forbion, whose operating partner Carlo Incerti is chair of the company’s board of directors. Joining the board as a new member will be Audrey Cacaly, a principal at Forbion Growth, which is a fund supporting late-stage assets.
