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New Deal


Announced

Completed

BlackRock led a $100m Series C round in Exscientia.

Financials

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Transaction Value£71m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

Acquisition

Venture Capital

Cross Border

Completed

Biotechnology

drug discovery

United Kingdom

Private Equity

Minority

Friendly

Synopsis

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BlackRock led a $100m Series C round in Exscientia, a clinical stage pharmatech pioneering the use of artificial intelligence to design new drugs, with participation from Novo Holdings, Evotec, Bristol Myers Squibb, and GT Healthcare Capital. This new capital will be used to support Exscientia’s platform development towards autonomous drug design. In addition, the company will extend its proprietary pipeline into clinical trials and expand existing capabilities in biological analytics that support target selection and portfolio development.

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