Gene sequencing company raises $200m

With the debate about gene-edited babies raging, it is a sensitive time for Wuxi NextCODE to announce the completion of Series C funding.

Chinese genomic information company Wuxi NextCODE has completed $200 million Series C funding led by ISIF. The Irish state-backed fund ISIF came in for $70 million and was joined by Singapore government investment company Temasek, Jack Ma’s Yunfeng Capital, and Sequoia Capital.

NextCODE completed its Series B fundraising in September last year with $240 million also from Temasek, Yunfeng and Sequoia. The startup raised $15 million in Series A funding from Polaris Partners and ARCH Venture Partners in October 2013.

According to its website, NextCODE's products and services include genetic sourcing, sequencing and analyzing. The result...

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