Fuxiang Aesthetics has completed nearly 100 million yuan of Series A financing

Recently, Fuxiang Sita Medical Technology (Suzhou) Co., Ltd. (hereinafter referred to as "Fuxiang Aesthetics") has completed its A-round financing of nearly 100 million RMB. This round of financing was jointly led by Yuhai Capital and Shaanxi New Era Capital, with follow-on investments from Herui Venture Capital. Fuxiang Aesthetics stated that the funds from this financing will primarily be used for the clinical trials of its core products FS-31 and FS-32, as well as the commercial promotion of FS-21 and FS-22, and the expansion of the company's international business.

Regarding Fuxiang Sitai Medical Technology (Suzhou) Co., Ltd

Fuxiang Sifang Medical Technology (Suzhou) Co., Ltd. was established in 2020, dedicated to the development of biomedical tissue engineering repair and aesthetic products utilizing silk fibroin, a biomaterial with excellent physicochemical and biocompatibility, biodegradability, and non-immunogenicity. Fuxiang Aesthetics has achieved green manufacturing of high molecular weight and high purity silk fibroin, connecting the entire industry chain from basic research, industrialization, to the transformation of end products for implantable silk fibroin. The company has applied for over 30 intellectual property rights and participated in the formulation of multiple industry standards. The company has developed various forms of silk fibroin materials, such as absorbable interface screws, silk fibroin degradable absorbable bone screws, 3D printed cartilage and other consumable products, as well as biological patches, skin wound repair membranes and other products.

About Yuhai Capital

Yuhai Capital is an investment institution specializing in high-growth industries. Its founding team possesses extensive investment experience and numerous successful cases. Established in 2022, the RMB Blind Pool Fund boasts shareholders with not only industry veterans but also industrial resource providers, making it a leading domestic investment fund with an international perspective for innovative high-tech growth-stage companies.

Regarding Shaanxi New Era Capital Management Co., Ltd

Shaanxi New Era Capital Management Co., Ltd. is a wholly-owned private fund management company of Shaanxi Provincial Financial Holding Group. It completed the registration of private fund manager in July 2020. New Era Capital targets the whole country, with business covering equity investment, capital market, and other investment fields. It focuses on high-growth niche markets, adheres to market-oriented operation and professional investment, continuously amplifies the effectiveness of state-owned capital, improves the operational efficiency of state-owned capital, and promotes the value enhancement of participating enterprises.

Article source: Artery Network