Malaysia’s Xeraya Capital invests in Congenica’s $50m Series C funding round

Malaysia-based private equity firm Xeraya Capital announced on Wednesday its participation in a globally syndicated $50 million Series C investment in Congenica, a UK-headquartered digital health company that claims to provide rapid and accurate analysis of complex genomic data.

The round was co-led by the UK-based Legal & General and Tencent Holdings. While Xeraya Capital came in as a new investor, the round also saw the participation of the company’s existing investors, namely Cambridge Innovation Capital, Downing, and Parkwalk, it said in a statement. Other new investors included Oman’s IDO Investments and China’s Puhua Capital.

“We are very pleased to be participating alongside a powerful syndicate of global investors…accelerating rapid diagnosis and initiating personalised treatment using the Congenica platform will ease suffering and save countless lives,” said Xeraya CEO Fares Zahir.

The new funding will help the company increase its footprint in the international market and expand into somatic cancer treatments, wellness and through partnerships with pharmaceutical companies, per a statement.

Xeraya has been rather active in the investment circle this year.

In June, the PE firm invested an undisclosed amount in US-based GreenLight Biosciences. The funding was routed through MLS Capital Fund II, co-managed by the US-based Spruce Capital Partners.

Prior to that, in May, Xeraya backed the US-headquartered Rapid Micro Biosystems Inc, a provider of rapid microbial detection technology for biopharma manufacturing. Besides, Xeraya also invested in GreenLight Biosciences, when it raised an additional sum of $17 million from new and existing investors including Baird Capital and global investment firm Flu Lab. The investment was made through Greenlight Pandemic Response Inc, a special purpose vehicle of GreenLight Biosciences, Xeraya Capital CEO Fares Zahir told DealStreetAsia in May.

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.