Panacea Ventures Files to Raise $150 Million for China Healthcare

A new China-focused venture fund, Panacea Venture Healthcare Fund I, LP, filed to raise $150 million. The fund is led by two China managing partners of Kleiner Perkins Caufield & Byers (KPCB), James Huang and Hai Mi. An earlier report said the fund, which expects to make seven investments, plans to be an incubator for early-stage companies, though it would aim for quick exits through M&A or IPOs. More details.... Share this with colleagues: // //