Chinese sovereign wealth fund backs medtech startup LinkDoc's $151m Series D

Photo: Pixabay

Beijing-based medtech startup LinkDoc has closed an RMB 1-billion ($151 million) Series D round backed by Chinese sovereign wealth fund China Investment Corporation, according to local media reports.

Based on media reports, the funding round has pushed LinkDoc’s valuation to more than $1 billion, pushing it into the unicorn club. It had last raised an undisclosed Series B round led by Hong Kong private equity firm China Broadband Capital in 2016.

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