Israeli Rainbow Medical raises $25m from Chinese investors
Rainbow Medical, an Israeli medical investment firm, has raised $25 million from a group of Chinese investors including Ping An Insurance and telecom giant ZTE Corporation,financial company Yongjin Group and undisclosed Chinese venture capital funds.
Founded in 2008, Rainbow Medical specializes in incubating medical device start-ups and developing new drugs. It currently holds a portfolio of 12 companies that are developing products for the treatment...
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