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New Deal


Announced

Completed

F-Prime Capital, Novo Holdings, GV and Eight Roads led a $60.5m Series B round in Invertx.

Financials

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Transaction Value£49m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Minority

Pharmaceuticals

biopharmaceuticals

animal health

United States

Private Equity

Acquisition

Private

Friendly

Venture Capital

Completed

Single Bidder

Synopsis

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F-Prime Capital, a global venture capital firm, Novo Holdings, a life science investor, GV, a venture capital firm, and Eight Roads, an investment fund, led a $60.5m Series B round in Invertx, a veterinary therapeutics company, with participation from Anterra Capital, Casdin Capital and Tekla Capital Management. “With the support of several top-tier investors in this latest financing, Invetx is well-capitalized to continue advancing its novel veterinary products towards approval and commercialization. We have demonstrated rapid progress validating our unique mAb platform and built a rich product pipeline with several programs in the pilot phase and a first product candidate being tested in a clinical field study. This financing is a key milestone for Invetx and one that demonstrates the strong commitment of our investors to biotechnology innovation in animal health," said Juergen Horn, Invetx CEO.

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