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GeneQuantum Raises Hundreds of Millions RMB in Series C Funding
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SUZHOU, China, May 18, 2021 /PRNewswire/ GeneQuantum Healthcare (Suzhou) Co., Ltd. (hereinafter GeneQuantum ) announced the completion of Series C fund raising of several hundreds of millions RMB. This series of fund raising is led by China Life Private Equity Investment, jointly by PICC Capital Equity Investment, Sunshine Guojian and Suzhou Wuzhong Biomedicine Industrial Park Investment. The current fund raising will provide a solid financial foundation to GeneQuantum for its global clinical development and pipeline expansion of next generation site-specific bioconjugates. Since its establishment, GeneQuantum has focused on the development of innovative bioconjugate drugs represented by Antibody-Drug-Conjugate (ADC). We possess highly differentiated ADC technology platforms, including enzyme catalyzed site-specific conjugation technology, innovative li
DCP, Sequoia China lead Series B round for medical devices firm Valgen
Source: Valgen Medtech
May 6, 2021
Greater China-focused private equity firm DCP and tech investment bellwether Sequoia Capital China have co-led a Series B round of financing for Valgen Medtech, a developer of treatment technologies for heart diseases in China. The investment size is said to be “hundreds of millions of US dollars.”
Lake Bleu Capital, a healthcare-focused asset management platform; Chinese transcatheter heart valve medical devices maker Venus Medtech; China Life Healthcare Fund, an investment vehicle of Beijing-based insurer China Life Insurance; Hong Kong’s healthcare investor Ascendum Capital participated in the round. Existing shareholder Qiming Venture Partners re-upped in the round.