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China’s Long Hill Capital closes third USD fund at over $300m
April 6, 2021
Healthcare-focused Chinese venture capital firm Long Hill Capital on Tuesday announced that it has secured over $300 million for its third USD-denominated fund.
The vehicle will primarily make early-stage investments in healthcare and longevity companies, along with select growth-stage bets. The fundraising takes the Chinese VC’s total committed capital to about 6 billion yuan ($800 million), it said in a statement.
Long Hill Capital had closed its second USD fund at $265 million in 2018.
The latest fund, which is Long Hill’s largest to date, received capital commitments from global pensions, endowments, foundations, financial institutions, family offices and funds of funds.
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Orient Speech Therapy (OST) has pocketed $23 million in its Series C1 round of financing led by Cenova Capital, while PrecisioNext has closed its Series B round raising 100 million yuan ($15 million).
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