Strategy | Financing Highlight
Private Placement / Financing Transactions
Bonum Therapeutics: The company raised $93 million through a combination of debt and Series A venture funding from Roche Venture Fund, 3×5 Partners and Codon Capital on November 15, 2022, putting the company’s pre-money valuation at $40 million. Vivo Capital, Digitalis Ventures and RiverVest Venture Partners also participated in the round. The company is a developer of protein-based drugs for regulated, context-dependent activity.

Oceanbio: The company raised GBP 75.7 million of venture funding from K50 Ventures and other undisclosed investors on November 15, 2022, putting the company’s pre-money valuation at GBP 870 million. The company is a developer of novel therapies designed to treat common nervous system disorders.

Rezo Therapeutics: The company raised $78 million of Series A venture funding in a deal led by SR One, a16z Bio + Health and Norwest Venture Partners on November 17, 2022. Liquid 2 Ventures, Hawktail and SV Angel also participated in the round. The company’s platform uses integrated data from proteomics, genetics, structural biology, and chemical biology.

Haystack Oncology: The company raised $67 million of Series A venture funding in a deal led by Catalio Capital Management on November 16, 2022. Bruker, Exact Sciences and Alexandria Venture Investments also participated in the round. The company is a developer of a liquid biopsy diagnostic technology designed to optimize treatment strategies and dramatically improve outcomes for patients with cancer.

A2 Biotherapeutics: The company raised $60.9 million of venture funding from undisclosed investors on November 16, 2022. The company is a developer of a cell therapy designed to cure cancer via tumor-specific targeting.

Aescape: The company raised $30 million of Series A venture funding in a deal led by Valor Equity Partners and Valor Siren Ventures on November 16, 2022. Alumni Ventures, Crosslink Capital, Alley Robotics Ventures, Fifth Wall, and Kevin Love also participated in the round. The company is a developer of a robotics-enabled massage technology.

Curevo Vaccine: The company raised $26 million of Series A1 venture funding from GC Biopharma, RA Capital Management and Adjuvant Capital on November 16, 2022. Janus Henderson Investors also participated in the round. The company is an operator of a biotechnology firm dedicated to reducing the effects of infectious illnesses and addressing unmet medical needs globally.

Novigenix: The company raised $20 million of Series B venture funding from undisclosed investors on November 15, 2022, putting the company’s pre-money valuation at an estimated $147.6 million. The company is a developer of a precision medicine platform designed for the detection of disease, therapy optimization, and disease recurrence monitoring to improve disease management and patient outcomes.

Nymbl Science: The company raised an estimated $15 million of Series B venture funding in a deal led by Outcomes Collective and Cobalt Ventures on November 14, 2022, putting the company’s pre-money valuation at $20 million. Spock Ventures Management and 450 Ventures also participated in the round. The company is a developer of a physical and cognitive training application designed to facilitate fall reduction.

NKGen Biotech: The company raised $3 million of venture funding from undisclosed investors on an undisclosed date. The company is a developer of cell therapies designed to improve patient outcomes in cancer, autoimmune disease, and neurodegeneration.

Subtle Medical: The company raised an undisclosed amount of Series B venture funding in a deal led by Primavera Capital Group and Eastern Bell Venture Capital on November 17, 2022. Fusion Fund, 3E Bioventures Capital, Delta Capital, Crista Galli Ventures, CatchLight Capital Partners and Banyan Pacific Capital also participated in the round. The company is a developer of a software platform designed to improve medical imaging quality.


M&A Transactions
Freeline Therapeutics / Ascend Gene And Cell Therapies: The company reached a definitive agreement to be acquired by Ascend Gene And Cell Therapies for approximately EUR 25 million on November 15, 2022. The company is a developer of gene therapies for bleeding and other debilitating disorders based on a next-generation AAV gene therapy platform.

BioFluidiX / Hamilton Medical: The company was acquired by Hamilton Medical for an undisclosed amount on November 18, 2022. The company is a manufacturer of microfluidic technology products catering to life science, diagnostic, industrial and medical markets.

Blumio / CardieX: The company was acquired by CardieX for an undisclosed amount on November 15, 2022. The company is a developer of blood pressure sensor devices and systems that improve people’s health and wellness.

Egin Research / Velocity Clinical Research: The company was acquired by Velocity Clinical Research, via its financial sponsor GHO Capital, through an LBO on November 16, 2022 for an undisclosed amount. The company is an operator of a network of dedicated clinical research centers intended to serve pharmaceutical companies across the globe.

LogicBio Therapeutics / Alexion: The company was acquired by Alexion, a subsidiary of AstraZeneca, for an undisclosed amount on November 16, 2022. LogicBio Therapeutics Inc is a genome editing company focused on developing medicines to durably treat rare diseases in patients with significant unmet medical need using GeneRide, its proprietary technology platform.

MycoScience / Millstone Medical Outsourcing: The company was acquired by Millstone Medical Outsourcing, via its financial sponsor Arlington Capital Partners, through an LBO on November 14, 2022 for an undisclosed amount. The company is a provider of laboratory and consulting services intended for the scientific medical community.

Neurescence / Bruker: The company reached a definitive agreement to be acquired by Bruker for an undisclosed amount on November 14, 2022. The company is a developer of a miniature microscope designed to simultaneously monitor the activities of neurons in multiple regions of the brain and the spinal cord.

Stealth BioTherapeutics / Morningside Group: The company was acquired by Morningside Group through a public-to-private LBO on November 16, 2022 for an undisclosed amount. Stealth BioTherapeutics Corp is a clinical-stage biotechnology company.

Viromed Medical / Fonterelli SPAC 2: The company reached a definitive agreement to be acquired by Fonterelli SPAC 2 through a reverse merger on November 14, 2022. The company is a developer of medical solutions and products for people’s health and well-being.


Source: Pitchbook Data, Inc.

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