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New Deal


Announced

Completed

Novo led a $60m Series C round in Exscientia.

Financials

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Transaction Value£49m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Biotechnology

Private Equity

Cross Border

Friendly

United Kingdom

Acquisition

Venture Capital

Single Bidder

drug discovery

Minority

Completed

Synopsis

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Novo led a $60m Series C round in Exscientia, a drug discovery company, with existing investors – Evotec, Bristol Myers Squibb, and GT Healthcare Capital. The new capital will be used to boldly expand Exscientia’s existing portfolio and pipeline, by launching new projects, progressing advanced projects to the clinic, and expanding AI biology as part of Exscientia’s full-stack capabilities. In addition, the company plans to accelerate its international expansion, including the build-out of its presence in the USA.

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