[Exclusive] Help Stem Cell Innovations Received Millions of Dollars in Series A Financing

On May 5, 2019, Help Stem Cell Innovations just completed millions of dollars in Series A financing . This round of financing was led by Yongchuang Capital, and followed by Nanjing Xingang High-Tech, Purple Bull Startups and Lead Wealth Capital.

Founded in May 2016, Help Stem Cell Innovations is the leading biotechnology company in China for the treatment of refractory degenerative diseases using stem cell and regenerative medicine. The company's core technology is to use induced pluripotent stem cell technology (iPSCs) to reprogram somatic cells into induced pluripotent stem cells similar to embryonic stem cells to achieve regeneration of human cells or tissues.

At present, there are a large number of patients with heart failure in China and around the world. The existing drugs can only slow down the onset of heart failure, but they cannot fundamentally treat heart failure or reverse the heart failure process. Just relying on existing drugs or therapies is far away from meeting the clinical needs. This round of funds will be used to promote the clinical research of the heart failure project and the research and development of other products of the company.

Dr. Jiaxian Wang, founder and president of the company, said" the original intention of the company was to develop innovative cell-based drugs for degenerative diseases that are currently difficult to cure. Regeneration of healthy cardiomyocytes in vitro is the only effective medical treatment for heart failure."

Founded in November 2013, Yongchuang Capital is an investment company and asset management company.

Founded in 1992, Nanjing Xingang High-Tech is publicly traded company in China, the company mainly focusing on investment, asset management, infrastructure, engineering design and real estate.

Purple Bull Startups was established in 2015. It was founded by the original CCTV host, reporter Zhang Quanling, Cheetah Mobile CEO Fu Sheng and a number of Internet amnesties. Up to now, the Purple Bull Startups has managed a total of two RMB funds.

Lead Wealth Capital is an investment company that mainly focusing on early and mid-stage startups companies. These startups are in the fields of healthcare, sports and internet.