Linux Laboratories raises $70M from ChrysCapital and Tata Capital Healthcare Fund

The transaction, which is a combination of primary capital and secondary purchase, will see ChrysCapital acquiring a significant minority stake in Linux and includes a full exit of Tata Capital Healthcare Fund II (TCHF II) at approximately 4x returns.

Linux said it will use this funding to support its next phase of growth such as deepening its presence in core specialties, entry into adjacent therapeutic areas, continued brand acquisitions, and further investment in manufacturing and R&D capabilities.

Founded in 2007…