SBCVC has led a RMB200 million ($30 million) Series B round for 12 Sigma, a China-based biotechnology company that applies artificial intelligence (AI) technology to medical image diagnoses.
It is said to the largest round raised by a Chinese company operating in the medical imaging filed. Other new investors include CDBI Partners and Delian Capital, while existing backers ZhenFund and Matrix...
Baidu Capital, a VC firm backed by Chinese search engine Baidu, has led a round of funding for WM Motor Technology, a Chinese electric vehicle manufacturer.
NSI Ventures has reached a first close of approximately $60 million on its second Southeast Asia venture capital fund and also participated in a $5 million Series A round for Singapore-based digital healthcare company Biofourmis.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the third India-focused vehicle of Lighthouse Funds.
GenBridge Capital, a private equity firm set up by former executives from Chinese online retailer JD.com and TPG Capital, has closed its debut consumer-focused fund at the hard cap of $500 million.