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Medical Excellence Capital and Alexandria Venture Investments led a $15m funding round in Pleno.

Financials

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Transaction Value£11m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Domestic

Minority

Acquisition

United States

Biotechnology

Private

Completed

Private Equity

Venture Capital

biotechnology

health care

Friendly

Single Bidder

Synopsis

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Medical Excellence Capital, an early-stage life sciences venture fund, and Alexandria Venture Investments, an investment company, led a $15m funding round in Pleno, a technology startup. “The COVID-19 pandemic demonstrated the limitations of our current biological research and testing paradigms in terms of capability, scalability, throughput, and cost. Our technology was born from the desire to enable the simultaneous and rapid detection of more targets, from more samples at a dramatically lower cost, which we believe has the potential to democratize clinical multi-omics and ultimately transform human health.” Pieter van Rooyen, Pleno Founder and CEO.

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