Media Startup Labiotech.eu raises its first seed-round to become the next TechCrunch for Biotech
The Berlin-based startup Labiotech announce having raised a 6-figure seed-round from lead investor WestTech Ventures as well as 5 European business angels (Sven Fund, Bertrand Landel, Simon Bungers, Michel Lurquin and Adveris).
Labiotech.eu was founded by Joachim Eeckhout and Philip Hemme, two young entrepreneurs from France. They started a French blog about Biotech during their studies and then decided to move to Berlin in September 2014 to scale-up the French blog to a European level. This digital media portal grew very rapidly in the last months reaching 25 000 unique visitors in November. As a result, this makes it one of the leading online media for Biotech in Europe.
Biotechnology is a very exciting industry that has a dramatic impact on society. On the other hand, the digital industry is profoundly changing today’s Media. Labiotech.eu combines both worlds to describe Europe’s key role within the Biotech industry.
This round of capital was raised to support Labiotech.eu ’s growth in its objective of becoming the leading Biotech media in Europe. It will give the start-up more resources to publish high-quality content, develop new content formats and organize its first conference Labiotech.eu Refresh.
“This is a very exciting time for our start-up, and will help us furthermore change how people get informed about the exciting field of Biotech in Europe” said Philip Hemme and Joachim Eeckhout, Co-founders of Labiotech
“Labiotech has achieved great growth so far. We look forward to working with the founders and further increasing the potential of their startup.“ Alexander Kölpin, COO & Partner WestTech Ventures.