By Ishita Russell
Nine of the top ten deals in the year came from Asia of which seven were in China, according to a Preqin report.
The round was joined by existing backers Polaris Founders Capital, Alexandria Venture Investments, CoBro Ventures, Korea Investment Partners and Emigrant Capital.
Asia also accounted for four of the top six venture funding deals globally in Q4 of 2018.
Launched in August 2017, Apic Bio is a spinoff from the University of Massachusetts Medical School.
Investors in the fund include Shenzhen Capital Group, Shenzhen City Guidance Fund, UTrust Fund, Shenzhen Huitong Financial Holdings and others.
The latest series C2 round was led by CICC Capital and CLP Group’s health fund and joined by Samsung Venture Investment, Tasly and Ping An Insurance.
Zolo had last raised $5 million in its Series A funding from Nexus Ventures Partners in December 2016.
Argo Ventures, the investment arm of insurance company Argo Group, participated in the round as a new investor.
Agriculture and healthcare technology are two strong emerging themes in India which Google Launchpad is likely to back in the future.
021 Capital was launched in 2017 by Flipkart founders’ personal investment adviser Shailesh Tulshan with a target of $50 million.