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GL Ventures leads funding in Sinovation and 14 more deal updates from Greater China


GL Ventures leads funding in Sinovation and 14 more deal updates from Greater China
ResearchPremium
Intelligent medical equipment provider Sinovation (Beijing) Medical Technology Co., Ltd has garnered ‘tens of millions of US dollars’ in a new round of financing led by Asia-based PE firm Hillhouse Capital’s venture capital unit GL Ventures, per a company statement on Monday. 
The latest deal marks the second round of funding raised by Sinovation in 2020. US global medical equipment maker Medtronic’s China-focused healthcare fund had exclusively made a similar-sized strategic investment in Sinovation in July this year. 
The round was joined by new investor Northern Light Venture Capital and existing backer China Growth Capital, which backed the firm’s undisclosed Series B round in 2019.  ....

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