Yili group announced that it will set up Shenzhen Jianling Innovation Seed Private Equity Investment Fund with its wholly-owned subsidiary Jianling Capital, with the establishment scale of RMB 350 million yuan (USD $52.3 million). The investment bid shows that Yili Group contributes 99% and Jianling Capital contributes 1%.
The fund mainly focuses on health food and health-related fields, and will be investing in start-ups with high development potential. The investment stage tends to be for companies in the early stages of financing such as the founding stage, seed stage, pre-A round of financing, and Series A investment. (Source: foodtalks)
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