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Announced

Completed

GGV Capital led a $100m Series A round in BioMap.

Financials

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Transaction Value£71m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Acquisition

Pharmaceuticals

Minority

China

Private

precision medicine

Private Equity

Completed

Venture Capital

Domestic

Friendly

Synopsis

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GGV Capital, a private equity firm, led a $100m Series A funding round in BioMap, a Chinese AI-driven R&D platform that focuses on precision medicine. Additional investors include Baidu, Legend Holdings’ Legend Capital, Bluerun Ventures, as well as Xiang He Capital, a TMT focused venture capital firm co-founded by Baidu’s former executives Hesong Tang and Maggie Yang. “The fields related to AI and life sciences have the best potential in the 21st century, while AI-driven drug discovery is widely known as one of the most sought-after accelerators in life science,” Chenxiao Wu, GGV Capital Partner.

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