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Announced

Completed

Illumina Ventures and Omnimed Capital led a $28.7m Series C financing round in Pattern Bioscience.

Financials

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Transaction Value£23m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

United States

Private

Private Equity

clinical diagnostics

Single Bidder

Biotechnology

Acquisition

Minority

Venture Capital

Completed

Friendly

Synopsis

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Illumina Ventures, a venture capital firm, and Omnimed Capital, an investment firm, led a $28.7m Series C financing round in Pattern Bioscience, a clinical diagnostics company, with participation from AMR Action Fund and Daleshaw. “We are grateful for the support from our investors as we strive to revolutionize bacterial testing with our single-cell microbiology platform. We believe our technology will significantly impact patient outcomes and help tackle the growing challenge of antibiotic resistance,” Nick Arab, Pattern Bioscience Co-Founder and CEO.

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