Venture • Life Science

General Atlantic Invests In Ultima Genomics

On May 31, 2022, growth capital firm General Atlantic invested in life science company Ultima Genomics

Investment Context
  • This is General Atlantic’s 20th transaction in the Life Science sector.
  • This is General Atlantic’s 160th transaction in the United States.
  • This is General Atlantic’s 44th transaction in California.

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Investment Summary

Date May 31, 2022
Target Ultima Genomics
Sector Life Science
Investor(s) General Atlantic
Deal Type Venture

Target Company

Ultima Genomics

Fremont, California, United States
Ultima Genomics focuses on developing next-generation genome sequencing technology for the high-volume research and clinical markets. Ultima Genomics was founded in 2016 and is based in Fremont, California.
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Investor Overview 1

Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


Deal Context for Investor #
Overall 329 of 365
Sector: Life Science 20 of 20
Type: Venture 97 of 98
State: California 44 of 47
Country: United States 160 of 175
Year: 2022 19 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 Locaweb

Sao Paulo, Brazil

Locaweb is a provider of Webhosting and cloud computing services to small/medium businesses. Locaweb was founded in 1998 and is based in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 Klar

Mexico City, Mexico

Klar is a Mexican digital financial services platform providing a transparent, free and secure alternative to traditional debit and credit services. Klar was founded in 2019 and is based in Mexico City, Mexico.

Buy -