Corporates monitor PocTech for $14.5m round

Apr 19, 2017 • Thierry Heles

Tonghua Dongbao Pharmaceutical and Legend Holdings are among the investors in a series B round for wearable medical device maker Zhejiang PocTech Medical.

China-based wearable medical device producer Zhejiang PocTech Medical has raised RMB100m ($14.5m) in a series B round that featured pharmaceutical and construction group Tonghua Dongbao Pharmaceutical, according to China Money Network.

Legend Capital, a venture capital representative of conglomerate Legend Holdings, also took part in the round, which was co-led by VC fund Bioventure Investment Management and investment fund Tasly Great Health Industry Fund.

Tasly Great Health Industry Fund is a RMB5bn vehicle established by pharmaceutical company Tasly Holding, insurance…

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