Eight Roads Ventures, a global proprietary investment firm backed by Fidelity, has led the 70 million yuan ($10 million) Series B round funding for Beijing-headquartered cloud-based lifesciences startup ForceClouds, according to a statement.
Oriental Fortune Capital and Bluelake Capital also joined the round. ForceClouds is engaged in developing solutions for pharmacy, medical equipment, healthcare, CRO and other clinical institutions.
The current round will enable the firm to step up focus on R&D for its products and services. ForceClouds partnered with Cornell University Medical School to set up an AI laboratory in 2017.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on December 2, 2019.
