Lumi, a China-based provider of nutritional beauty products, has raised $20m from a consortium including mutual fund manager Fidelity’s corporate venturing unit.
Alongside Fidelity Growth Partners Asia (FGPA) investing in Lumi were venture capital firms ClearVue Partners, which led the round, Jafco, Capvent and DCM.
Earlier this year, said it would raise a $250m fund, of which half would be invested in healthcare.