China's Qiming Ventures leads $37m funding in AlphaBio Biopharma

China's Qiming Ventures leads $37m funding in AlphaBio Biopharma

Visual from Alpha Biopharma's website.

Chinese venture capital firm Qiming Venture Partners took the lead in the $37-million first close of Shanghai-based biopharmaceutical firm Alpha Biopharma (AlphaBio)’s Series A financing.

The funding round also saw the participation of TF Fund and the LYZZ Healthcare Venture Fund, according to a AlphaBio press release. The firm is looking at raising $65 million for the entire Series A financing round.

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