
Incubators abound in Basel. Whether it’s the University of Basel’s Innovation Office or BaseLaunch, capital is available for deployment in the geography. BaseLaunch has raised a portfolio of in financing, with an average first VC round of over $28 million per company. Given market conditions like these, it’s not surprising that biotech and healthtech startups have emerged in the region. Although $28 million is the average first VC round for BaseLaunch, the top end of fund-raising achievements in the region is even higher. For example, Windward Bio recently emerged from stealth with a $200 million Series A – a level that’s on par with US-based initial funding rounds from the early 2020s!
Importantly, these Basel-based startups attract investment interest well beyond venture capital. They’re also magnets for strategic partners looking for an acquisition, or founders searching for a robust exit. Recent success stories include:
- VectivBio, acquired by Ironwood Pharmaceuticals for $1 billion
- Fgen, acquired by Ginkgo Bioworks
- NBE Therapeutics, acquired by Boehringer Ingelheim for EUR 1.18 billion
- T3 Pharmaceuticals, acquired by Boehringer Ingelheim for up to CHF 450 million
- Corlieve Therapeutics, acquired by Dutch biotech UniQure
