China Digest: Oral care brand NYSCPS raises $62m; Sherpa leads $30m round in PAQ
July 20, 2021
Chinese oral care brand NYSCPS has raised nearly $62 million led by Huaxing Growth Capital. In a separate development, Sherpa Healthcare Partners has led a $30-million Series A round in the US-based biotech firm PAQ Therapeutics.
Huaxing Growth Capital invests in oral care brand NYSCPS
Huaxing Growth Capital, a flagship investment arm of investment bank China Renaissance, has led a 400-million-yuan ($61.6 million) Series B round in Chinese oral care brand NYSCPS, the investor announced on Monday.
Chinese investment companies Jinding Capital, CoStone Capital, and ABC Capital, which is affiliated with industry investment firm ABC Group, also participated in the round. Existing investors Sinovation Ventures, a venture firm led by ex-Google China head Kai-Fu Lee, and TikTok-owner ByteDance continued to back the Series B round.
China Renaissance Announces 2020 Annual Results
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China Renaissance Announces 2020 Annual Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
AlleyWatch
Armed with some data from our friends at CrunchBase, I broke down the largest global startup funding rounds for February 2021. I have included some additional information such as industry, round type, a brief description of the company, investors in the round, company location, and total equity funding raised for the company to further the analysis.
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