The Nan Fung-backed advanced fabric technology developer had secured $57m as of October, and has now raised $213m in total.

Bolt Threads, a US-based advanced materials producer that counts diversified conglomerate Nan Fung as an investor, has increased its series D round to $123m.

The series D round was led by investment firm Baillie Gifford led and included financial services group Fidelity Management and Research Company, venture capital firm Founders Fund, Singaporean state-owned investment firm Temasek and Builders, the fund formed by VC firm Formation 8.

The company had raised $56.8m in funding as of October 2017 according to…

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