Seimei bags $4m and 38 other deal updates from Greater China worth over $1b

Seimei bags $4m and 38 other deal updates from Greater China worth over $1b

Seimei, which develops and sells nutritional supplements to the middle-aged and the elderly, has secured $4 million in a Pre-A round led by Beijing-based marketing agency BlueFocus Communication Group

Emerging Technology Partners, Daokang Fund, and four high-net-worth individual investors also joined the round. The firm will use the proceeds towards R&D, as well as for team and business expansion purposes. Existing investor Next Capital re-upped in this round. 

After its inception in February this year, the firm secured $2.25 million in its seed round led by Next Capital and Puman Capital in August.

“The short-term goal of the company is to become the number one anti-aging supplement brand,” Seimei’s founder and CEO Yan Zhao said in a release, adding that the firm aims to ramp up its user base to 100,000 in the next three years.”

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing all prominent venture capital transactions in the Greater China region from November 14 – 18, 2022.