Market Chatter: IM8, Co-Founded by Prenetics and David Beckham, Gets General Catalyst Financing

MT Newswires Live07-15

IM8, a nutritional supplements company co-founded by Prenetics Global (PRE) and David Beckham, has lined up about $1 billion in growth financing from General Catalyst, Bloomberg reported, citing a statement.

General Catalyst's Customer Value Fund will finance up to 70% of IM8's marketing costs, and the venture capital firm will receive a share of the income, capped at a certain threshold, the report said.

Prenetics and General Catalyst didn't immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 18.56, Change: -0.12, Percent Change: -0.64

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