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AbbVie Biotech Ventures - also known as AbbVie Ventures - is a venture capital firm based in North Chicago, Illinois. The firm was founded in 2009, and it is a subsidiary of AbbVie. AbbVie itself was a business operation of Abbott Laboratories until 2013 when it became a separate company. As of October 2019, the firm has invested in 47 companies and maintains its ownership on 25 active companies.
AbbVie Ventures focuses on investing in companies developing solutions in the fields of oncology, immunology, and neuroscience. The firm focuses on providing capital for eight companies each year. It prefers to invest in companies at the seed or series A stage.
The company invests in novel transformational therapeutics for pre-clinical stages. Some of the companies that Abbvie Biotech Ventures has invested in include Alector Therapies to Remember, AM-Pharma, Apogen, Aquinnah, artios, Caraway Therapeutics, Carisma Therapeutics, Disarm Therapeutics, eFFECTOR, E-scape Bio, Lodo Therapeutics, Magnolia NeuroSciences, MORPHIC Therapeutic, PACT Pharma, Palleon Pharmaceuticals, Petra Pharma, Prevail Therapeutics, Quentis Therapeutics, ribometrix.
