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

Group of Person Sitting Indoors

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.

Company Company description Sector Country Round Round size($m) Deal date Investors
QurAlis   Amyotrophic lateral sclerosis (ALS) therapy developer Healthcare US B 88 09/03/2023 Sanofi (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 Biosciences
Ring Therapeutics Gene therapy developer Healthcare US C 86.5 09/03/2023 Alexandria Real Estate Equities (Alexandria Venture Investments) (lead), CJ Corp (CJ Investment), Kyowa Kirin, UPMC (UPMC Enterprises); Altitude Life Science Ventures, Flagship Pioneering, Invus
Allorion Therapeutics Oncology and autoimmune disease drug developer Healthcare US B 50 09/03/2023 3SBio; Ince Capital (co-lead), Qiming Venture Partners (co-lead), TF Capital, Long River Investment, Octagon Capital, Elikon Venture
SVision Imaging Ophthalmologist-focused imaging device developer Healthcare China C 43 10/03/2023 China Life Insurance (China Life Private Equity Investment) (co-lead); Qianhai FOF (co-lead), CD Capital, Shenzhen Capital Group, CICC Huirong, China Development Financial, Addor Capital
ClearFlame Engine Technologies Low-cost heavy-duty engine manufacturer Industrial  US B 30 09/03/2023 Mercuria Energy Group (lead), Rio Tinto, Copec (Wind Ventures)
Iktos AI-driven drug discovery platform Healthcare France A 16.4 09/03/2023 Merck Group (M Ventures) (co-lead), Debiopharm (Debiopharm Innovation Fund) (co-lead); Omnes Capital 
OpenStreet Ride sharing and smart parking platform Transport Japan N/A 16.2 10/03/2023 Eneos (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)
Synctera Digital banking services provider Financial Canada N/A 15 10/03/2023 National Bank of Canada (Naventures) (lead), Emigrant Bank, Veritex Community Bank, Midland States Bank; The Banc Funds
Mauve Decentralised cryptocurrency exchange Financial US N/A 15 09/03/2023 Coinbase (Coinbase Ventures); Brevan Howard
Cubist Web3 development tool provider IT US Seed 7 09/03/2023 Polygon, Avalanche (Blizzard Fund), Axelar; Polychain Capital (lead), DAO5, Amplify Partners, unnamed others
Roofit.Solar Rooftop solar software developer Energy and Natural Resources Estonia N/A 6.9 09/03/2023 BayWa RE (BayWa RE Energy Ventures); EdgeCap Partners
Tidely  Liquidity planning software provider Financial Germany Seed 3.7 09/03/2023 TX Group (TX Ventures); Bayern Kapital
Web.art Group Digital marketing agency Media Brazil N/A 1.9 01/03/2023 Leveros Group 
BookLive Ebook and animation subsidiary of printing firm Toppan Media Japan N/A N/A 10/03/2023 TV Asahi
Olive Diagnostics Provider of water impurity analysis technology Energy and Natural Resources  Israel N/A N/A 09/03/2023 Mekorot Israel National Water Company
Edison Fu

Edison Fu is head of Asia development at Global Corporate Venturing.