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China Digest: Deltaphone, Trinomab and Scivita Medical raise fresh capital
Photo: Eric Prouzet/Unsplash
April 26, 2021
Chinese industrial internet solutions startup Deltaphone, biopharmaceutical firm Trinomab Biotech, and Scivita Medical Technology, a medical devices manufacturer that focuses on endoscopes, have completed new funding rounds.
Industrial internet startup Deltaphone closes $77m Series B
Chinese industrial internet solutions startup Deltaphone has secured 500 million yuan ($77.1 million) in a Series B round to finance its continued product iterations and business expansion.
The Series B round was jointly led by CICC-Transfer Fund, a 10 billion yuan vehicle created by China’s CICC Capital and Transfer Group; financial services firm BOCOM International; Shenzhen Capital Group, an investment platform backed by the Shenzhen government; and private equity (PE) fund manager Yuexiu Industrial Investment Fund Management.