New Horizon Health Closed USD 30mn Series E Round Financing
New Horizon Health (“NHH”), a leading Chinese molecular diagnostic company focusing on early cancer detection, has closed its USD 30mn Series E round financing led by US-based Rock Springs Capital. New investors participated in this round of financing include OrbiMed, Lilly Asia Ventures, Cormorant Asset Management, CR-CP Life Science Fund, and Octagon Capital while existing backer Qiming Venture Partners also joined the financing. After its Series E round financing, total capital raised by the Company has reached over USD 160mn.
The proceeds for this financing will be used for its business development, new product R&D, clinical research and commercialization.
VMS led the Series C round financing and has participated in its Series D round financing.
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