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Innovent Announced $150 Million Series E

publication date: Apr 29, 2018

Innovent of Suzhou announced its series E financing of $150 million. Capital Group Private Markets (CGPM) is leading this investment with $90 million, followed by other investors including Cormorant Asset Management, Rock Springs Capital, Ally Bridge Group as well as return backers Hillhouse, Legend Capital, Lilly Asia Ventures and Taikang Insurance. CGPM partner Nick Chen will join Innovent’s board. After this round financing, Innovent is likely to seek IPO in Hong Kong or US in the end of 2018 or early 2019. More details....

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