IDG, Accel back GlamSmile Asia with $7m
IDG Capital Partners and Accel Partners have jointly invested $7 million for a 31.4% stake in GlamSmile Asia via a capital increase and the provision of replacement capital.
The investors, which injected the capital via their IDG-Accel China Growth Fund III vehicle, acquired 20% of GlamSmile through direct investment, and a further 11.4% by buying a portion of shares owned...
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