Sinovac Biotech led Yongrenxin Medical Instrument’s $100m series A round while Sanofi Ventures co-led QurAlis Corporation’s $88m series B.

M&A Remote engineering human resources network operator Andela has acquired Qualified, a US-based technical skill assessment platform backed by training services provider Cornerstone OnDemand, for an undisclosed amount. Funding Yongrenxin Medical Instrument, the China-based developer of an artificial heart called Evaheart, has raised $100m in a series A round led by vaccine producer Sinovac Biotech. An unnamed private equity subsidiary of insurance provider China Taiping Insurance Holdings also took part in the round, as did healthcare investment firm Vivo Capital. CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsQurAlis  Amyotrophic lateral sclerosis (ALS) therapy developerHealthcareUSB8809/03/2023Sanofi (Sanofi Ventures) (co-lead), Amgen (Amgen Ventures), Mitsubishi Tanabe Pharma (MP Healthcare Venture Management), Mitsui & Co (Mitsui Global Investment); EQT Life Sciences (co-lead), Droia Oncology Ventures (co-lead), ALS Investment Fund, Polaris Partners (LS Polaris Innovation Fund), Mission BioCapital, Inkef Capital, Dementia Discovery Fund, Dolby Family Ventures, Mission Bay Capital, Sanford BiosciencesRing TherapeuticsGene therapy developerHealthcareUSC86.509/03/2023Alexandria Real Estate Equities (Alexandria Venture Investments) (lead), CJ Corp (CJ Investment), Kyowa Kirin, UPMC (UPMC Enterprises); Altitude Life Science Ventures, Flagship Pioneering, InvusAllorion TherapeuticsOncology and autoimmune disease drug developerHealthcareUSB5009/03/20233SBio; Ince Capital (co-lead), Qiming Venture Partners (co-lead), TF Capital, Long River Investment, Octagon Capital, Elikon VentureSVision ImagingOphthalmologist-focused imaging device developerHealthcareChinaC4310/03/2023China Life Insurance (China Life Private Equity Investment) (co-lead); Qianhai FOF (co-lead), CD Capital, Shenzhen Capital Group, CICC Huirong, China Development Financial, Addor CapitalClearFlame Engine TechnologiesLow-cost heavy-duty engine manufacturerIndustrial USB3009/03/2023Mercuria Energy Group (lead), Rio Tinto, Copec (Wind Ventures)IktosAI-driven drug discovery platformHealthcareFranceA16.409/03/2023Merck Group (M Ventures) (co-lead), Debiopharm (Debiopharm Innovation Fund) (co-lead); Omnes Capital OpenStreetRide sharing and smart parking platformTransportJapanN/A16.210/03/2023Eneos (Eneos Innovation Partners), Digital Garage/Bank of Yokohama (Hamagin DG Innovation), Tokyu Fudosan (TSVF), Zenrin (Zenrin Future Partners); JIC Venture Growth Investments (lead), SBI (SBI Investment), Bank of Yokohama (Yokohama Capital)SyncteraDigital banking services providerFinancialCanadaN/A1510/03/2023National Bank of Canada (Naventures) (lead), Emigrant Bank, Veritex Community Bank, Midland States Bank; The Banc FundsMauveDecentralised cryptocurrency exchange FinancialUSN/A1509/03/2023Coinbase (Coinbase Ventures); Brevan HowardCubistWeb3 development tool providerITUSSeed709/03/2023Polygon, Avalanche (Blizzard Fund), Axelar; Polychain Capital (lead), DAO5, Amplify Partners, unnamed othersRoofit.SolarRooftop solar software developerEnergy and Natural ResourcesEstoniaN/A6.909/03/2023BayWa RE (BayWa RE Energy Ventures); EdgeCap PartnersTidely Liquidity planning software providerFinancialGermanySeed3.709/03/2023TX Group (TX Ventures); Bayern KapitalWeb.art GroupDigital marketing agencyMediaBrazilN/A1.901/03/2023Leveros Group BookLiveEbook and animation subsidiary of printing firm ToppanMediaJapanN/AN/A10/03/2023TV AsahiOlive DiagnosticsProvider of water impurity analysis technology Energy and Natural Resources IsraelN/AN/A09/03/2023Mekorot Israel National Water Company

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Edison Fu

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