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.
