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Case Study

Novartis Venture Fund: Valuation dilemmas

By Benoit F. Leleux, Victoria Kemanian, Atul Pahwa and Katrin Siebenbürger Hacki

9 pages

May 2006

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Reference: IMD-1-0242

The Novartis Venture Fund is considering investing into a start up,Genedata, and must take into account the valuation analysis by boththe start up as well as Venture Valuation — an independent boutiqueorganization that specializes in valuing high growth potential startups.NVF uses the Venture Valuation inputs to determine how best tostructure the next round of financing for Genedata and the caserequires the reader to discuss and analyze pricing, further financingrequirements, and exit strategy for the fund.

Keywords

Valuation, Start-up, Venture Capital, Pharmaceuticals, Investment Strategy, Fund

Settings

Switzerland
July 1999

Type

Field Research

Available Languages

English

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This case study is part of a series

Genedata
Novartis Venture Fund: Valuation dilemmas
Venture Valuation AG: The genedata assignment

This case study is part of a series

Genedata
Novartis Venture Fund: Valuation dilemmas
Venture Valuation AG: The genedata assignment

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