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15 Dec, 2023
Deal Wrap is updated as of 4 p.m. ET.
– Returning investor DCVC led a $66 million series B round of funding for biopharmaceutical company Totus Medicines Inc.
– New investor Yuan-sheng Suzhou Industrial Park Venture Capital Management Co. Ltd. participated in a $14 million series A funding round for China-based drug developer Huilly Pharma (Suzhou) Co. Ltd.
– New investors Shanghai Sitoco Assets Management Co. Ltd. and Jiuyou Capital Co. Ltd. jointly led a $13.9 million series C round for early lung cancer diagnosis and treatment company Lunghealth Medtech Co. Ltd.
– New backer Hengxu Capital led a $13.9 million series A round of funding for Qingdao Single-Cell Biotech Co. Ltd., a developer of cell analysis tools.
For further private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.