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New Deal


Announced

Completed

Atomico led a $13m Series A funding round in FabricNano.

Financials

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Transaction Value£9m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Minority

Venture Capital

United Kingdom

Private

Friendly

biochemistry

Domestic

Private Equity

Biotechnology

Acquisition

Synopsis

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Atomico, a venture capital firm, led a $13m Series A funding round in FabricNano, a cell-free biomanufacturing company. The round had participation from investors Backed, Hoxton Ventures, Entrepreneur First, Biz Stone, Emma Watson, Arvind Gupta, Alexander Moscho, Michael Stoppelman, Tania Boler and Vijay Pandurangan. "We went out and actively tried to get the right angels for the company. We also looked at a few different technology angels. Because at the end of the day what we’re manufacturing is an enabling technology for manufacturers. We’re not looking to manufacture bio-based plastics or bio-based monomers, at any sufficient scale. We’re looking to provide [manufacturers] with the technology that they can then use to manufacture at scale and at a low enough cost. It is a scalable and sustainable way to make low-value molecules, like bioplastics," Grant Aarons, FabricNano CEO.

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