China Digest: Cyagen snags $41m; Alibaba-backed Amwise raises $10m

China’s transgenic animal models provider Cyagen Biosciences has raised 285 million yuan ($41 million) from CMS Capital, Grower Venture Capital, GF Qianhe and GF Investment. In a separate development, Alibaba-backed Amwise has secured $10 million in its Series B round led by Simcere Medical Diagnosis.

Cyagen Biosciences snags $41m in Series B round

China’s transgenic animal models provider Cyagen Biosciences has secured 285 million yuan ($41 million) in a Series B round of financing from China Merchants Securities’ investment vehicle CMS Capital, Grower Venture Capital, GF Securities’ subsidiaries GF Qianhe and GF Investment, according to a company statement. 

Cyagen, a subsidiary of the custom-engineered mouse and rat models provider Cyagen US Inc., was founded in 2011 in East China’s Jiangsu province.

Its clients include life sciences research institutes, clinical research organizations, contract research organizations, pharma and biotech companies. 

The proceeds will be used for business expansion, pipeline innovation and CRO platform development. 

In 2016, Cyagen had closed an undisclosed Series A round from LYFE Capital, a Shanghai-based venture capital firm focused on biopharma, medical devices and diagnostics. 

Alibaba-backed precision diagnostics firm Amwise raises $10m

Amwise Diagnostics Pte. Ltd., an oncology precision diagnosis firm, has secured $10 million in its Series B funding round led by China’s Jiangsu Simcere Medical Diagnosis, per a company announcement. 

Amwise had completed its Series A round funding from Alibaba Entrepreneurs Fund, US cross-border venture firm WI Harper and Indonesian real estate developer Lippo Group back in 2016.  

Amwise offers novel precision diagnosis solutions for cancer patients. Based on Asian genes, the company has developed a proprietary pipeline for breast cancer diagnosis. 

Headquartered in Taipei, Amwise has a branch in Singapore and a subsidiary in Hangzhou.

 

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.