Temasek, Lake Bleu lead $156m Series C round for Chinese vaccine developer RecBio

Temasek, Lake Bleu lead $156m Series C round for Chinese vaccine developer RecBio

Photo by Diana Polekhina on Unsplash

Rec-Biotechnology (RecBio), a Chinese developer of genetically engineered vaccines, has secured about 1 billion yuan ($156.3 million) in a Series C round of financing jointly led by Singapore state investor Temasek Holdings and Hong Kong-based asset manager Lake Bleu Capital.