China Deal Monitor: Asieris Pharma raises over $14m and more updates

Asieris Pharmaceuticals, which is focused on genito-urinary tumor treatments, has raised over 100 million yuan ($14 million) as part of its Series C round of financing led by Yanyuan Innovation Capital, according to a company statement on Tuesday. 

State-owned Shenzhen Guozhong Venture Capital Management, biomedicine based investment firm Efund Capital, existing investors Lapam Capital and Kaitai Capital joined the round.

Asieris is expected to close its Series C+ round funding soon.

Founded in 2013 and located in East China’s Jiangsu province, Asieris’s pipeline APL-1202 is under phase III clinical trials in China and phase II trials in the US.   

Headquartered in Taizhou, Asieris has set up divisions in Beijing and the US and an R&D centre in Shanghai. 

Asieris will use the proceeds to further facilitate its proprietary biomedicine programmes. 

Prior to the current round, the company had raised funding from lifesciences-focused venture capital firm TF Capital, private equity firm Phoenix Fund, ZGC Group-backed Qihang Capital, among others. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on March 24, 2020. 

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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.