BVCF invests in US-based Jaguar Animal Health
China-focused BVCF has committed $2 million in a Series A round of funding for Jaguar Animal Health, a veterinary drugs developer, with another $3 million to come by the end of the month.
The new financing will be used for medical studies, recruitment, establishing manufacturing capabilities and regulatory activities.
Jaguar was founded with seed funding and resources from US-based Napo Pharmaceuticals. It focuses on the development of health solutions for the global veterinary marketplace from plants, such as Croton lechleri, used traditionally in rain forest areas.
The company manufacturers prescription pharmaceuticals and nutraceuticals for animals.
"We are very pleased to be making our first investment in animal health for the world markets. This is a focus for us and we plan to expand our portfolio of investments in companies involved in animal health and food security," said Dr. Zhi Yang, founder and managing director of BVCF.
Life sciences and healthcare investor BVCF was set up in 2005 under its previous name, Bio Veda China. The firm is headquartered in Shanghai and its team includes partners with an academic background and extensive operational experience.
BVCF focuses on investments with an enterprise value of $50-100 million. Its recent investments include Kunshan RiboQuark Pharmaceutical Technology and MicuRX Pharmaceuticals.
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