Thousand Oaks Biopharmaceuticals

Mar 10, 2021

Source: National Cancer Institute/Unsplash March 10, 2021 Thousand Oaks Biopharmaceuticals has raised over 400 million yuan ($61 million) in its Series C round of financing co-led by China State-Owned Capital Venture Investment Fund and GL Ventures, while Taipei-based Influenxio has garnered $2 million from DCM Ventures. GL co-leads $61m funding in Thousand Oaks China’s Thousand Oaks Biopharmaceuticals, Inc has bagged over 400 million yuan ($61 million) in its Series C round of financing co-led by China State-Owned Capital Venture Investment Fund and Asia’s PE firm Hillhouse Capital’s venture unit GL Ventures. Alternative assets investment manager CDH Investments, China-US Green Fund, and Sany Group’s PE arm Sany Foundation have joined as new investors, while return backers namely CICC Capital, CITIC Securities’ investment arm Goldstone Fosun Group’s sub-fund re-upped in the round, per a company statement on Wednesday. Investment bank CEE Capital facilitated the transaction. In January this year, Thousand Oaks had tied-up with Korea’s WSG Group to set up a bioprocess solution JV  to speed up the Korean biopharma industry by supplying serum-free cell culture media. Before the latest round, Thousand Oaks had closed 450 million yuan ($69 million) Series B round funding from CICC Capital, GL Ventures, China Construction Bank’s CCB International and other investors in July 2020. Taiwan’s Influenxio bags $2m Influenxio, a Taipei-headquartered leading social marketing platform for small businesses, has secured $2 million in its pre-Series A funding led by DCM Ventures. The three-year-old Influenxio has so far raised over $3 million in funding. Influenxio plans to deploy the proceeds towards talent recruitment and product development. It will also support the revamp of its Japan-based platform and expand to overseas markets. Influenxio helps small-to-medium enterprises in Taiwan and Japan to conduct marketing campaigns for audience engagements. 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