Public markets
United Imaging Healthcare, a China-based medical imaging system provider backed by insurer China Life, has listed on Shanghai Stock Exchange’s Star Market in a $1.6bn initial public offering. China Life had co-led a $505m series A round for the company in 2017 valuing it above $5bn post-money, representing roughly half of its current valuation.
Funds
China-based investment firm Winreal Investment has reached a RMB1.3bn ($150m) first close for a yuan-denominated vehicle called Rongteng 5G Industry Fund II, having secured commitments from limited partners including carmaker SAIC Motor, diversified conglomerate Haitian Group, kitchen and amenity product manufacturer BRTR, optical module producer InnoLight and semiconductor supplier Nebula Tech as well as financial services firm United Overseas Bank’s UOB Venture Management unit and private investor Hou Weigui. The fund has a $293m target and will invest in 5G technology developers.
Japan-headquartered trading firm Marubeni Corporation has chipped into Africa Innovation & Healthcare Fund, a venture capital vehicle also known as AHF 2 that is overseen by investment group AAIC Investment. AHF 2 invests in Africa-based healthcare technology developers.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Airs Medical | Medical software and hardware producer | Healthcare | South Korea | B | 20 | 19/08/1933 | Hanwha (Hanwha Life); Q Capital Partners (lead), Klim Ventures |
| Think Bioscience | Small molecule therapeutics developer | Healthcare | US | Seed | 17 | 18/08/2022 | Allianz (AV8 Ventures); Innovation Endeavors (co-lead), Xora Innovation (co-lead), Axial VC, Buff Gold Ventures, LiquidMetal Ventures, Wireframe Ventures |
| Uplift | 3D health analytics app developer | Healthcare | US | Seed | 5.5 | 19/08/1933 | SoftBank (Deepcore); Seth Curry (lead), Callie Rivers Curry, David DeCastro, Atma Capital, Launch Fund, The Syndicate, Ethos Fund, RCVC, Stadia Ventures, Oregon Sports Angels, Gaingels, Marc Gasol, Renee Montgomery |
| DreamFuel Games | Play-to-earn game developer | Media | Netherlands | N/A | 3.6 | 18/08/2022 | OKX (OKX Blockdream Ventures); Skyvision Capital, Jump Capital |
| W3 Storage Lab | Decentralised data management app developer | IT | US | Pre-Seed | 3 | 18/08/2022 | OKX (OKX Blockdream Ventures) (co-lead); Draper Dragon (co-lead), Lingfeng Capital |
| Insomnia Labs | Metaverse advertising service formerly called Luna Labs | Media | US | N/A | 1.5 | 17/08/2022 | Polygon, Animoca Brands, Concept Art House; Eden Ventures, HBJ Investments |
| Tangibly | Trade secret management platform | IT | US | Pre-Seed | 1.3 | 18/08/2022 | Wilson Sonsini (WS Investment Company); Madrona Venture Group |
| AmicaTerra | Plant-derived plastic manufacturer | Industrial | Japan | N/A | N/A | 21/08/2022 | JGC Holdings |
