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Original press release available at http://ala.com/vitricell-raises-over-e1-million-1-2m-in-series-a-funding/ 

VITRICELL RAISES OVER €1 MILLION ($1.2M) IN SERIES A FUNDING

Funds raised will enable launch this year of first products based on aseptic vitrification, a new cell cryopreservation method 

Liège, Belgium, January 23, 2018 – VitriCell SA, a biotech company providing innovative and efficient solutions for cryopreservation of even the most sensitive cells, discloses today that it closed a series A round of fundraising in the second half of 2017 totaling over €1 million ($1.2M). This consists of equity capital of €712,000 ($872K) from a group of investors comprising Spinventure SA, Gesval, private investors including Jean-Pierre Delwart and members of the Be Angels network, and more than €300,000 ($367K) in the form of grants and loans from the Walloon Region and the WBC incubator.

We are proud and happy to report that Delphine Connan, founder and future CEO of VitriCell, is the winner of the Wallonia Entrepreneurship Network Award. Therefore, she will benefit of a personalized support by business leaders with the aim of optimally developing her managerial skills in relation to her mission and to VitriCell’s success.

VitriCell’s founders team is pleased to announce that the company’s effective creation is on track and is scheduled for June 2017. Regulatory, conventional, organizational and scientific aspects are being finalized.

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