Temasek and Yunfeng Capital Lead Series B Round in WuXi NextCODE

Institutional capital is investing more of its resources into genome sequencing data companies, betting on the advent of precision medicine. WuXi NextCODE, a contract genomics organization, raised US$ 75 million in a Series B round. The financing round was led by Singapore’s Temasek Holdings and Yunfeng Capital, a fund backed by Alibaba founder Jack Ma. Other investors in the round include Amgen Ventures, the corporate venture unit of Amgen Inc., and 3W Partners, a private equity firm focused on China cross-border investments. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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