# Ovagen Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ovagen-group

- Industry: Biotechnology
- Headquarters: Ireland
- Website: https://ovagen.ie/
- Total disclosed funding: $8.4M
- Latest round: Series A (Jun 18, 2024)
- Investors on record: 8

## About

Founded in 2000 and based in Ireland, Ovagen Group Limited is a biotechnology company specializing in the commercial-scale production of germ-free (GF) chicken eggs and birds, primarily for pharmaceutical applications. In June 2024, Ovagen Group Limited raised EUR 7.81 million in series A funding led by the Western Development Commission, including Irrus Investments, Boole Investment Syndicate, DeepIE Ventures, and Spark Crowdfunding, Halo Business Angel Network, Edensor Commercial Limited and Enterprise Ireland. The series A round of funding values Ovagen Group Limited at EUR 144.79 million post-money.  Ovagen’s core offering is germ-free eggs, which serve as a clean, contamination-free biomanufacturing platform for vaccines, antibodies, and therapeutic proteins. These eggs are utilized in a broad range of applications including prophylactic and therapeutic vaccines, monoclonal and polyclonal antibody development, diagnostics, R&D, and bioprocessing. The company also explores related domains such as poultry genetics and pharmaceutical compounds like hyaluronic acid. The organization plans to use the June 2024 funding to increase the number of its germ-free eggs produced each year to four million and expand its workforce.

## Funding rounds

- Series A, Jun 18, 2024, $8.4M — Enterprise Ireland, Irrus Investments, Boole Investment Syndicate, Western Development Commission, Halo Business Angel Network, Spark Crowdfunding, DeepIE Ventures, Edensor Commercial Limited

## Investors

- Enterprise Ireland (https://capitalatlas.ai/funds/enterprise-ireland) — Series A
- Irrus Investments — Series A
- Boole Investment Syndicate — Series A
- Western Development Commission (https://capitalatlas.ai/funds/western-development-commission) — Series A
- Halo Business Angel Network — Series A
- Spark Crowdfunding — Series A
- DeepIE Ventures (https://capitalatlas.ai/funds/deepie-ventures) — Series A
- Edensor Commercial Limited — Series A