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New Deal


Announced

Completed

DCVC and NVentures led a $35m round in Relation Therapeutics.

Financials

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Transaction Value£27m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Biotechnology

machine learning

drug discovery

Private

Acquisition

Minority

Private Equity

Friendly

Cross Border

Venture Capital

Completed

Single Bidder

Synopsis

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DCVC, a venture capital firm, and NVentures, a venture capital arm of NVIDIA, led a $35m round in Relation Therapeutics, a virtual drug discovery specialist, with participation from Magnetic Ventures, Khosla Ventures, Jonathan Milner, ARK Invest and Deerfield Management Company. "This financing is a significant milestone for Relation Therapeutics and underscores the confidence our investors have in our innovative approach to drug discovery and development. Our technology platform, uniquely integrated with deep R&D expertise, places us in an outstanding position to transform drug discovery. This new capital allows us to accelerate our discovery of novel biology, targets and medicines: we are immensely excited about our progress and the impact we can make for patients," David Roblin, Relation Therapeutics CEO.

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