Brief: Kinnevik Invests In Pleo's USD 200 Mln Financing Round

Kinnevik AB

09/12/2021 06:06

Dec 9 (Reuters) - Kinnevik AB  KINVb.ST :
    * KINNEVIK INVESTS IN PLEO’S USD 200 MILLION FINANCING ROUND
TO
FURTHER BUILD ON ITS >10X RETURN ON INVESTMENT TO DATE
    * CO'S INVESTMENT AMOUNTED TO USD 25M IN A BLEND OF PRIMARY
AND
SECONDARY SHARES
    * USD 200M FINANCING ROUND, CO-LED BY ALKEON AND COATUE,
ASCRIBES
PLEO A VALUATION OF USD 4.5BN PRE-MONEY.
    * FINANCING ROUND ASCRIBES PLEO VALUATION OF USD 4.5BN
PRE-MONEY,
ABOUT 180% HIGHER THAN ONE REFLECTED IN KINNEVIK'S Q3 REPORT

Source text for Eikon:  ID:nMFN54jBHY 
Further company coverage:  KINVb.ST 

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