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New Deal


Announced

Completed

S2G Ventures led a $15m Series B round in Solarea Bio.

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-

Tags

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Private Equity

Domestic

United States

Private

Venture Capital

Friendly

biotechnology company

Biotechnology

Completed

Minority

Acquisition

Single Bidder

Synopsis

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S2G Ventures, a multi-stage venture fund investing in food and agriculture, Bold Capital Partners, an early stage venture investing in life sciences, healthcare and frontier tech, Viking Global Investors, an American-based hedge fund, and GG 1978 SICAF SIF SA, a closed-ended investment fund focusing on pharmaceuticals and biotechnologies, led a $15m Series B round in Solarea Bio, a clinical stage biotechnology company based in Cambridge, MA developing food-derived microbial-based solutions to aid human health. "We are very excited to see the rapid progression from our founding hypothesis: that microbes from fresh fruits and vegetables have health benefits, to the clinical validation stage, and the upcoming commercial launches. I thank our amazing team for their hard work and dedication to execute on our lofty goals. A big part of the company's success has been the role our outstanding investors played partnering with a great team at Solarea, and we are looking forward to continuing successes as we transition to a commercial stage by launching our medical food products to the market." Gerardo V Toledo, Solarea Bio CEO and co-founder.

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