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The capital proceeds will accelerate the clinical development of Ciraparantag.
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The funding was led by Sofina and Sauce.vc.
Varaha is looking to raise a total corpus of about $45 million in its Series B round.
Singapore
Tanglin had originally targeted to raise $250m for the vehicle.
Greater China
E-Town Capital, TH Capital and state investors participated.
The latest funding round was led by CSC Financial.
Rest of Asia
The vehicle will back tech companies in the Gulf and beyond as they prepare for IPOs.
LimX Dynamics secured the new financing from investment firms, industry leaders, and existing shareholders.
World
The round was led by Dragoneer Investment Group, DST Global, and Sequoia Capital.
The announcement follows similar moves by neighbours Saudi Arabia and the UAE.