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Chinese Biotherapeutics Firm Transcenta Bags $105 Million From Sequoia, LAV, and Others


Chinese Biotherapeutics Firm Transcenta Bags $105 Million From Sequoia, LAV, and Others
Liya Su / Dec 24, 2020 04:45 PM / Business & Tech
Chinese global biotherapeutics company Transcenta Holding Limited, which had raised an undisclosed equity financing from China Capital Management in June this year, said on Wednesday that it has garnered $105 million in a crossover financing led by China Structural Reform Fund.
The latest round attracted a slew of new investors including Qatar Investment Authority, Chinese property developer Country Garden Venture Capital, and others.
Existing backers Sequoia Capital China, life science-focused Lilly Asia Ventures (LAV), China Merchants Capital’s sub-fund CCT China Merchants Fund, and Teng Yue Partners also joined the round, the investee said in a statement. ....

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