03.11.15
Herzliya, Israel-based Rainbow Medical, an research and development and operational investment company specializing in seeding and incubating medical device startups and developing breakthrough medical technologies, has raised $25 million from investors in China and opened a China office to promote strategic collaborations.
Participants in the current round of fundraising include China’s largest private insurance holding company Ping An, investment and financial management company YongJin, the Chinese telecommunications giant ZTE Corporation, and Chinese venture capital funds.
Rainbow Medical will invest funds in seeding new startup companies based on its intellectual properties and provide additional funding for its existing portfolio firms
Participants in the current round of fundraising include China’s largest private insurance holding company Ping An, investment and financial management company YongJin, the Chinese telecommunications giant ZTE Corporation, and Chinese venture capital funds.
Rainbow Medical will invest funds in seeding new startup companies based on its intellectual properties and provide additional funding for its existing portfolio firms