Addor raises $241m for second China healthcare fund
Addor Capital – a Chinese VC firm backed by Jiangsu High-Tech Investment Group, also known as Govtor Capital – has raised RMB1.56 billion ($241 million) for its second renminbi-denominated healthcare fund.
Jiangsu Govtor Yida Health Achievement Innovation Venture Fund II spent just two months in the market, despite what Addor described as a “capital winter” for the industry. It claimed that local managers...
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