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New Deal


Announced

Completed

Pivotal bioVenture Partners led a $100m Series C round in HotSpot Therapeutics.

Financials

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Transaction Value£74m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Minority

Cross Border

Single Bidder

biotechnology company

Private

Venture Capital

United States

Friendly

Biotechnology

Acquisition

Completed

Synopsis

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Pivotal bioVenture Partners led a $100m Series C round in HotSpot Therapeutics, a biotechnology company, with participation from LSP, B Capital Group, Monashee Investment Management, CaaS Capital Management, Revelation Partners, Pavilion Capital, Atlas Venture, Sofinnova Partners, SR One Capital Management, Tekla Capital Management and MRL Ventures Fund. "With the support of top-tier healthcare and technology investors, we will expand on the significant productivity of the Smart Allostery™ platform to enable a treasure trove of sought-after disease targets and thereby develop medicines that broadly benefit patients," Jonathan Montagu, HotSpot Therapeutics CEO.

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