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MagAssist Secures Nearly $78 Million in C Round Financing
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MagAssist Secures Nearly $78 Million in C Round Financing

Oct 18, 2021
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MagAssist Secures Nearly $78 Million in C Round Financing
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(Source: magAssist)

Chinese medical technology firm magAssist has completed a C round of financing worth nearly 500 million yuan ($78 million), led by Sequoia China, followed by CDH Innovation and Growth Fund and Cenova Capital.

This new funding will be mainly used for R&D, clinical trials and production expansion of several existing and new product lines.

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