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Sumgen Completes Series B Financing of RMB ¥220 Million

date:2020-09-15      source:

Hangzhou Sumgen Biotech Co., Ltd. (hereinafter “Sumgen”) has formally announced the completing of a 220 million RMB series B funding led by Addor Capital, co-led by Cowin Capital and Sinowisdom, and jointly participated by BOCOM International, Haoshuo Investment, and Dynamic Balance Capital. This round of funding is primarily used for the R&D and industrialization of Sumgen’s innovative drugs. StartPointAdvisors served as the exclusive financial consultant for this funding round.

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