Qiming Venture Partners managing partner Nisa Leung commented, "Venus Medtech is a leading developer of innovative cardiac valve products in China. We are confident about its industry advantages in technology and resources, and are convinced that under the leadership of its seasoned management team, Venus Medtech will become a leader in the R&D of cardiac intervention therapies in China and even around the world."
"With our long-term commitment to invest in Chinese innovative healthcare companies, Sequoia Capital China expects Venus Medtech to benefit from a wider range of Chinese cardiac patients by continuously developing new products and technologies as a leader in the field of cardiac valves, " stated Sequoia Capital China partner Kevin Chen.
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"We have been paying attention to the development of Venus Medtech from the very beginning when the company's new cardiac valve products were still in the preclinical study phase. We are excited to be in a position to help Venus Medtech complete the financing just as the company is finishing the clinical trials of the new products and is getting ready to take them to market. At the same time, we are proud to witness every one of Venus Medtech's milestones as the firm continues to grow," said Liu Hao, CEO of Haoyue Capital, the exclusive financial advisor to Venus Medtech during the course of the fundraising.
"By integrating Venus Medtech's core technology with the clinical advantages of SAHZU and the capital support provided by several internationally renowned institutional investors, the cardiac valve institute is bound to be a success. Venus Medtech's Venus A-Valve and Venus P-Valve are expected to become the models in the field of minimally-invasive solutions to cardiovascular diseases. Driven by innovation and cross-sector collaborations with a medical institution and institutional investors, Venus Medtech has set a good example in the Chinese medical sector in terms of innovation," said an industry veteran.
SOURCE Venus Medtech (Hangzhou) Inc.
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