Country Garden Venture Capital returned to reinvest in Bluepha having led the the bioplastics developer’s series B2 round five months ago.

China-based biodegradable synthetic material developer Bluepha received RMB870m ($137m) in series B3 funding yesterday from investors including property developer Country Garden, as the global secondary sector seeks to produce sustainable plastic alternatives.

Genesis Capital and the China State Owned Enterprises Mixed Ownership Reform Fund co-led the round, which included Zhongping Capital, FreesFund, GL Ventures and Trinity Innovation Fund, while the corporate was represented by Country Garden Venture Capital (CGVC).

The deal came after series B1 and B2 rounds in 2021…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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