Sequoia Capital China leads over $100m round in Bota Biosciences

Sequoia Capital China has led over $100 million Series B funding round in industrial synthetic biotech firm Bota Biosciences with the participation of new investor CMB International Capital, a Hong Kong-based subsidiary of China Merchants Bank.

The company has also roped in a host of returning investors such as Matrix Partners China, 5Y Capital, Source Code Capital, Sherpa Healthcare Partners, and Meituan, a Chinese conglomerate that runs one of the country’s biggest food delivery platforms called Dianping.

With this, the total corpus raised by Bota Biosciences stands at over $140 million. Earlier in March this year, global chemistry products provider BASF through its investment arm BASF Venture Capital pumped in capital in Bota Biosciences.

Prior to that, in 2020, Matrix Partners China, Sherpa Healthcare Partners and Baidu Ventures had jointly invested $15 million in Bota’s Series A round.

With the fresh proceeds, Bota plans to spruce up its global business and biological technology platforms, and construct research base, besides expanding its product pipeline. Bota was established in 2019.

Apart from its headquarters in Hangzhou, Bota has overseas offices in the US. Bota’s green technology tools are widely used across sectors such as chemical engineering, food, agriculture, pharmaceutical, among others.

“The country is calling for carbon neutrality and environmental protection, while traditional manufacturing segments are still less environment-friendly. We are to create creative solutions to bring sustainable products,” said Bota Biosciences founder and CEO Dr. Cheryl Cui in the statement.

Last year, in September, at the United Nations General Assembly, Chinese President Xi Jinping had stated that China is making efforts to achieve carbon neutrality by 2060.

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.