Te­masek-backed firm kicks off fundrais­ing

New Straits Times - - Business | World -

HONG KONG: A Te­masek­backed Chi­nese ge­nomics firm has kicked off its lat­est fundrais­ing round with a tar­get of up to US$200 mil­lion (RM862 mil­lion), draw­ing in­ter­est from in­vestors in­clud­ing Hill­house Cap­i­tal Group and Se­quoia Cap­i­tal China. WuXi Nex­tCODE is cur­rently pitch­ing the round to prospec­tive in­vestors. It plans to close fundrais­ing in July. The pro­ceeds from the lat­est fundrais­ing round will be used to help build the firm’s ge­nomics data plat­form, among oth­ers.

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