Existing investor WuXi PharmaTech took part in a round for the medical device developer that was led by a joint venture formed by Medtronic and Sequoia Capital.
China-based medical device maker Forerunner Medical has raised an undisclosed sum in a series B round featuring medical research firm WuXi PharmaTech, China Money Network reported on Monday.
The round was led by Medtronic-Sequoia China Healthcare Technology Venture Investment Fund, the $60m fund formed by medical equipment maker Medtronic and venture capital firm Sequoia Capital.
Sequoia Capital China also participated in the series B round, while WuXi PharmaTech invested through WuXi Healthcare Ventures, its corporate venturing arm. Both had taken part…
