Funding round
Cerevel Growth
Reported as "Growth Equity"
Cerevel, which works in pharmaceutical research and development in Cambridge, raised $125M in a Growth round announced on 13 Apr 2021. 2 firms took part. It is Cerevel's third venture round on record; the one before was a Growth in Oct 2020.
$125M
Amount raised
of which $125M debt
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
Cerevel did not disclose a valuation in this round. It came 6 months after Cerevel's Growth. It is 14% of the $915M Cerevel has raised in the venture rounds on record. No later venture round is on record for Cerevel.
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- backs 6 venture-backed companies new investor
- backs 70 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
23 Growth rounds in Pharmaceutical Products within a year either side disclosed an amount; the median was $60M, and this round was 2.1 times the median. The closest in time, other companies' Growth rounds in Pharmaceutical Products:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Pharmaceutical Products | 12 Apr 2021 | $100M | not disclosed | not named |
| Pharmaceutical Products | 26 Apr 2021 | $30M | not disclosed | Baird Capital |
| Amoun Pharmaceutical Pharmaceutical Products | 31 Mar 2021 | $740M | not disclosed | not named |
| Pharmaceutical Products | 20 May 2021 | $30M | not disclosed | not named |
| Pharmaceutical Products | 17 Feb 2021 | $77M | not disclosed | not named |
| Pharmaceutical Products | 22 Jun 2021 | $42M | not disclosed | UCB Ventures and The Column Group |
| Pharmaceutical Products | 19 Feb 2021 | $35M | not disclosed | not named |
| Pharmaceutical Products | 16 Jun 2021 | $32M | not disclosed | DSM Venturing |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Cerevel raise in its Growth round?
Cerevel raised $125M in its Growth round, announced in Apr 2021.
Which investors took part in Cerevel's Growth round?
NovaQuest Capital Management and Bain Capital.
What was Cerevel's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Pharmaceutical Products?
23 Growth rounds in Pharmaceutical Products within a year either side disclosed an amount; the median was $60M, and this round was 2.1 times the median.