Prenetics closes USD 1 billion growth financing deal with General Catalyst Customer Value Fund for IM8 unit - PRE News | RalliesPrenetics closes USD 1 billion growth financing deal with General Catalyst Customer Value Fund for IM8 unit
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PRE• Prenetics closes growth financing deal for IM8
- Prenetics closed a growth financing arrangement of up to USD 1 billion with General Catalyst’s Customer Value Fund for its IM8 business.
- IM8 (US) entered a Customer Investment Agreement with GC Customer Value Arranger on July 13; the commitment runs through Aug. 11, 2028.
- The structure funds up to 70% of IM8 monthly growth spend; repayment comes from collections tied to customers acquired in each funded month.
- The return cap is set at the lesser of a 30% IRR target across annual cohorts or 1.035x to 1.17x of each Investment Amount.
- IM8 Limited and Prenetics Limited provided a joint guarantee, and covenants restrict additional indebtedness without arranger consent.
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