China Digest: CertiK, Westlake Therapeutics in funding news

US-headquartered blockchain security player CertiK with significant operations in China raised $37 million in its Series B round. In a separate development, Westlake Therapeutics has bagged 100 million yuan ($15 million) in a new round. 

CertiK bags $37m in Series B 

US-headquartered blockchain security player CertiK with significant operations in China raised $37 million in its Series B round, per a company statement on Thursday. 

The Series B round was co-led by Xiaomi’s Shunwei Capital and technology-focused investment manager Coatue Management with the participation of Coinbase Ventures, an investment arm of US cryptocurrency major Coinbase. 

CertiK’s existing backers include Yale University, IDG Capital, Legend Star, Lightspeed China Partners, Danhua Capital and Tsing-Yuan Capital. 

Proceeds from the funding will be used to expand its product base, security, and team. 

Established in 2018 by professors of Yale University and Columbia University, CertiK uses AI to audit and monitor blockchain protocols and smart contracts. It claims to have so far served over 1,000 corporate clients.

Sequoia, Eight Roads back Westlake Therapeutics

Hangzhou-headquartered cell therapy company Westlake Therapeutics has raised 100 million yuan ($15 million) in a new round, it said on a WeChat post on Thursday. 

Existing investors Sequoia Capital China and Eight Road Ventures jointly led the round, with the participation of CD Capital and Hofon Capital. 

In March 2021, Sequoia, Eight Roads and CD had invested in the company. And prior to that, in June 2020, the company had bagged funding from Hofon along with others like Shaanxi Investment. 

Launched in 2020, Westlake plans to use the corpus to expand its clinical trials, spruce up its R&D center, hire talent, and clinch strategic partnerships. It works on areas of cancers, and autoimmune and metabolic disorders, among others. 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.