General Atlantic and IDG Capital led a $100m funding round in Biotheus.

Two private equity companies General Atlantic and IDG Capital led a $100m funding round in Biotheus, a clinical development stage company. Other new investors include Kunlun Capital, CPE, and Cowin Capital, with participation by previous investors Highlight Capital, Shiyu Capital, New Alliance Capital, Huajin Investment, and others. "This round of financing will fund the development of our existing product pipeline and the construction of our manufacturing facility. With the strong support of all our investors, we will fully drive the development of our product pipeline, strengthen our position in the global market for cancer immunotherapy, and bring much-needed innovative treatments and options to a larger population of cancer patients," Xiaolin Liu, Biotheus President and CEO.