.
MergerLinks Header Logo

New Deal


Announced

Completed

DCVC led a $13m funding round in Shennon Biotechnologies.

Financials

Edit Data
Transaction Value£10m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Private

Private Equity

Minority

Completed

United States

Domestic

Biotechnology

Friendly

Acquisition

biotechnology research

Synopsis

Edit

DCVC, a venture capital firm, led a $13m funding round in Shennon Biotechnologies, a biotech company, with participation from Foundation Capital and AV8. “At ShennonBio, our interdisciplinary team of engineers and scientists have developed a single-cell screening platform that can identify rare effector T cells against specific antigens at ultrahigh throughput by measuring functional secretion. While current approaches take weeks to isolate a T cell target, our technology platform can do this in a matter of hours, with more precision, which ultimately increases the overall probability of generating a curative treatment in a shorter period of time for cancer patients. We’re thrilled to have the support of such a great group of investors and be able to scale up our target discovery efforts with this funding,” Li Sun, Shennon Biotechnologies CEO and Founder.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US