Venture capital firm Eight Road Ventures has launched a dedicated Chinese healthcare fund.
The $250 million fund will invest in existing companies and start-ups that provide therapeutics, healthcare services and medical technology in China.
“The launch of this specialised fund reflects our confidence in the evolution of the China market and forms part of a strategy to more precisely target our healthcare and technology expertise,” said Daniel Auerbach, senior managing partner, Asia.
The firm says China is an attractive market for healthcare investment because of its ageing population, growing demand for medical care and government policy reforms.
Eight Roads Ventures, which is owned by Fidelity International, has invested in more than 150 companies in China's healthcare and technology sectors.
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