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New Deal


Announced

Completed

B Capital Group and Sanabil led a $123 Series B round in Atomwise.

Financials

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Transaction Value£94m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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drug discovery and development

Pharmaceuticals

Acquisition

Private

United States

Completed

Majority

artificial intelligence

artificial intelligence analytics

drug discovery

Venture Capital

Single Bidder

Friendly

Private Equity

Synopsis

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Investment firms B Capital Group and Sanabil led a $123 Series B round in Atomwise, a drug discoverer and manufacturer. The funding round includes returning investors Data Collective, Baidu Ventures, Tencent, Y Combinator, Dolby Family Ventures, and AME Cloud Ventures. “Over the past three years, our platform AtomNet® has tackled — and succeeded - in finding small molecule hits for more undruggable targets than any other AI drug discovery platform. With support from our new and existing investment partners, we will be able to leverage this to develop our own pipeline of small molecule drug programs, further grow our portfolio of joint-venture investments, and realize our vision to create better medicines that can improve the lives of billions of people," Abraham Heifets, Atomwise CEO and Co-Founder.

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