TNW has strengthened its support for European tech by adding ecosystems expert Yeni Joseph to the management team. Yeni has also started a new role as Head of Ecosystem Strategy and Partnerships. The appointment brings extensive expertise to TNW’s leadership — and fresh ideas. “TNW has a long-standing track record of catalysing innovation,” says Yeni.
London-headquartered biotech startup Verdiva has emerged from stealth with a whopping $410mn for a new range of drugs aimed at tackling the obesity epidemic. It’s one of Europe’s largest-ever biotech VC deals, signalling investor appetite for the booming weight loss market. Verdiva looks to challenge the dominance of Novo Nordisk and Eli Lilly, the makers of the two most popular weight loss drugs, Ozempic and Wegovy.