Sequoia China Leads USD240 mn round in WuXi NextCODE
08-Sep-17, China Money Network
WuXi NextCODE, a genomic big data platform resulted from a merger between Chinese contract research outsourcing provider WuXi AppTec’s genome center and NextCODE, has raised USD240 mn series B financing led by Sequoia Capital China.
Image: China Money Network
Singapore’s Temasek Holdings, Yunfeng Capital and 3W Partners also participated in the round. The round is among the largest venture financing deals for a start-up in the healthcare sector in China.
"The success of this financing round, which includes some of the top technology and healthcare investors worldwide, underscores the breadth and depth of confidence in our vision: to serve as the global platform for using genome data to advance global health," said Hannes Smarason, CEO of WuXi NextCODE. "We plan to continue to push the leading edge of technology for digitizing, managing and analyzing genomic big data, including through... artificial intelligence.”