Biochemical Engineering Special Interest Group
biological engineering professionals
21 January 2016

Chinese investment firm to launch £500m London-based fund

Chinese technology and investment group Cocoon Networks is launching a £500 million ($720 million) London-based venture capital fund aimed at investing in UK and European tech startups. Cocoon Networks, which has the backing of China Equity Group, one of the first investors in to Baidu, China's answer to Google, and Hanxin Capital, which specialises in cloud computing and bio tech investments, will look to invest in tech companies whose products and services show promise and potential for growth in the Chinese market. Source: Fierce Biotech 21/1/2016

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