Bio-Gate AG announced a private placement of 554,315 shares at a price of €2.85 per share for gross proceeds of €1,579,797.75 on October 19, 2017. The transaction will include participation from two funds managed by Alto Invest. Post the closing of the transaction, the capital of the company will increase from €5,443,157 to €5,987,472. The transaction was approved by the board of directors of the company.