China Digest: Bluepha, Youye Technology in funding news
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February 26, 2021
Bluepha has secured nearly $200 million yuan ($30 million) in its Series B round of funding co-led by Hillhouse Capital and Lightspeed China Partners. In a separate development, Youye Technology has raised nearly $100 million in a strategic investment.
Bluepha nets nearly $30m in Series B
Beijing-headquartered synthetic biology firm Bluepha has secured nearly $200 million yuan ($30 million) in its Series B round of funding co-led by Asia-focused PE firm Hillhouse Capital and early-stage investor Lightspeed China Partners, per a company statement on Friday.
The latest round also saw the participation of Chinese apparel conglomerate Septwolves’ investment arm, and Trinity Innovation Fund.