Tus-Harvest Biotech Raises ￥27M in Series A Financing

According to 36Kr.com, Tus-Harvest Biotech Co. Ltd. ("Tus-Harvest Biotech") has closed its ￥27 million Series A round of financing, led by PICC Qidi Fund (founded by PICC and Qidi Technology), with participation from Qirong Venture Capital and 36Kr MINIPO. Proceeds of this financing will be used for the R&D of innovative bioactive peptide technology, the construction of the Aging Science Innovation Lab and the brand building based on the bioactive peptide. 

So far, Tus-Harvest Biotech has completed three rounds of financing, with a total funding amount of nearly 50 million yuan.

Founded in March 2018 and headquartered at the Yangtze Delta Region Institute of Tsinghua University, Zhejiang, Tus-Harvest Biotech has an overall layout of the medium and high-end health industry targeting the terminal market. Tus-Harvest Biotech's age-fighting brand CordMagic is the success of years of research in cell biology and 6 years of specialized joint studies. 

Through technical innovation and resource integration, Tus-Harvest Biotech focuses on providing the raw materials of high performance bioactive peptide, and comprehensive solutions for personal care products and health care products based on the bioactive peptide, including effective skincare, scalp care products, and intestinal conditioners.

Tus-Harvest Biotech is committed to technological innovation and has built a proprietary platform that can independently develop bioactive peptide raw materials, which gives it advantages in market competition with good expansibility The platform provides a favorable foundation for the product transformation and brand building in the downstream of the industry. The technical layout of its Aging Innovation Lab has overcome the situation that the bioactive peptide raw materials at home and abroad are mainly imitation.

Founded in 2016 and headquartered in Ningbo Hangzhou Bay New Area, PICC Qidi Fund is managed by PICC Industrial Investment Management Company. It focuses on investment in health care, energy conservation, environmental protection, and information security.

Founded in September 2015, Qirong Venture Capital is an investment firm, focusing on equity investment in the medical industry.