InstaDeep’s acquisition is a classic case of an African startup gone global • TechCrunch
This January, Germany’s largest vaccine maker BioNTech announced that it had agreed to acquire Tunisian-born and London-headquartered AI startup InstaDeep for up to £562 million, including a performance-tied £200 million tranche investment.
InstaDeep’s deal — subject to regulatory approval and expected to close in the first half of this year — is quite intriguing, for a few reasons. First, when completed (at $682 million, adjusted in U.S. dollar terms), it’ll become the largest acquisition deal involving an African…