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New Deal


Announced

Alaska Permanent Fund, Altitude Life Science Ventures, and SoftBank Vision Fund 2 led a $230m Series B round in Tessera Therapeutics.

Financials

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Transaction Value£170m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Cross Border

Venture Capital

Private

Private Equity

early-stage life sciences

Acquisition

Single Bidder

Biotechnology

Friendly

Minority

Completed

Synopsis

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Alaska Permanent Fund, Altitude Life Science Ventures, and SoftBank Vision Fund 2 led a $230m Series B round in Tessera Therapeutics, an early-stage life sciences company, with participation from Qatar Investment Authority. "We are grateful to have support from world class investors in this funding round. The ability to write in the code of life will be a defining technology of this century and drive a fundamental change in medicine. Today’s support is a testament to Tessera’s outstanding team of scientists and our focus on bringing the extraordinary promise of Gene Writing to patients. We look forward to turning this powerful technology into a new category of medicines," Geoffrey von Maltzahn, Tessera Therapeutics CEO and Co-Founder.

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