.
MergerLinks Header Logo

New Deal


Announced

Completed

RA Capital Management and Polaris Partners led a $160m Series B round for Freenome.

Financials

Edit Data
Transaction Value£126m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Venture Capital

biotechnology company

cancer treatment

Minority

Completed

Biotechnology

Private Equity

Single Bidder

United States

Friendly

Private

Domestic

Synopsis

Edit

RA Capital Management and Polaris Partners led a $160m Series B round for Freenome, a biotechnology company that has pioneered the most comprehensive multiomics platform for early cancer detection through a routine blood draw. They were joined by other new investors including Novartis, T Rowe Price Associates, FMR, Farallon Capital Management, Kaiser Permanente Ventures, Roche Venture Fund, Andreessen Horowitz, Data Collective, EcoR1 Capital, Rock Springs Capital, Perceptive Advisors, Cormorant Asset Management, Section 32, Janus Henderson Investors, Soleus Capital Management, Sands Capital Ventures, Bain Capital Life Sciences, BrightEdge, Catalio Capital Management and Colorectal Cancer Alliance. "We are fortunate to have an experienced and proven group of biotech and healthcare investors who share our mission of making early detection of cancer a routine part of patient care. In addition, we are excited to welcome several strategic investors who are committed to our mission. Each brings insight, expertise, and partnership opportunities to accelerate our path to positively impacting patient care," Gabe Otte, Freenome Chief Executive Officer.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US