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New Deal


Announced

Completed

USIT led a $150m Series B round in Colossal Biosciences.

Financials

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Transaction Value£121m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Biotechnology

biotechnology

United States

Private

Cross Border

Acquisition

Venture Capital

Single Bidder

Private Equity

Minority

Friendly

Synopsis

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USIT, an investment firm, led a $150m Series B round in Colossal Biosciences, the world’s first de-extinction company, with participation from Breyer Capital, WestRiver Group, Bob Nelsen, Animal Capital, Victor Vescovo, In-Q-Tel, Animoca Brands, Peak 6, BOLD Capital, and Jazz Ventures. "Dr. George Church and Colossal’s deep work in genomics is creating some of the most cutting-edge advancements in biotech. Their innovative technology has important applications for scientific discoveries, including biomedicine, and we look forward to supporting this crucial work," Thomas Tull, USIT Chairman.

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