China's healthcare-focused LYFE Capital leads $92m funding in biotech firm ABclonal

China's healthcare-focused LYFE Capital leads $92m funding in biotech firm ABclonal

Photo: Pixabay

ABclonal Technology, a US-based provider of customised biology research reagents and services, announced on Friday that it has closed 600 million yuan ($91.8 million) in a Series C round of financing led by healthcare-focused investor LYFE Capital.

Sequoia Capital China, Xiamen C&D Emerging Industry Equity Investment — the equity investment arm of Chinese modern service firm Xiamen C&D Inc — and Suzhou-based fund of funds (FOF) manager Oriza FoFs participated in the deal.

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