New Hope Group was among the participants in the dental clinic franchise owner's series B round, which lifted its overall funding past $200m.

China-based dental services provider Mei Wei Dental Group has raised over RMB1bn ($155m) in series B funding from investors including diversified conglomerate New Hope Group, DealStreetAsia reported on Friday.

Venture capital firm Fortune Capital, industrial and investment firm Tianyi Group, private equity firm TFTR Investment and asset manager Shanghai Tianyou Investment also participated in the round, according to a company statement cited by DealStreetAsia.

Founded in 2016, Mei Wei operates a franchise which oversees almost 200 dental clinics owned by…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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