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Announced

Completed

Conexo Ventures led a $25m round in Savana.

Financials

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Transaction Value£19m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Medical Services

artificial intelligence

healthcare

Spain

Acquisition

Friendly

Private Equity

Minority

Completed

Cross Border

Single Bidder

Private

Venture Capital

Synopsis

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Conexo Ventures, a venture capital firm, led a $25m round in Savana, a medical company developing innovative Artificial Intelligence technologies, with participation from Knuru Capital, Aldea Ventures, Seaya Ventures, GED Capital and Cathay Innovation. “After 7 years, our vision of reinventing the way clinical research is done has become a reality; we have created the concept and processes to generate evidence through AI applied to medical records. Now it’s time to bring our capabilities into the R&D space, while expanding our services across the geographies in which we operate," Jorge Tello, Savana CEO and Co-Founder.

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