CRRC Times and Xiamen Xiangyu were among the LPs for the venture firm’s latest dollar vehicle that will invest in healtech companies concentrating on biotech, IVDs and medical supplies.
China-based venture capital firm Cowin Ventures has secured more than $150m for an oversubscribed dollar-denominated fund from limited partners featuring locomotive builder CRRC Times and logistics services group Xiamen Xiangyu.
China’s Ministry of Science and Technology’s Innovation Fund Management Centre, SDIC Chuanghe National Emerging Industry Venture Capital Guiding Fund and Oriza Holdings also committed capital, as did unnamed funds of funds and family offices.
Founded in 2009, Cowin Ventures focuses on technology, media and telecommunications as well as healthcare investments…
