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Avalon Steritech Raises Us$9M In Pre-Series A Funding To Accelerate Its Overseas Expansion And Product Development

PRIVATEDec 12, 2022

Amount Raised

$9 Million

Round Type

Pre-Series A

ChinaBiotechnologyHealth Care

Investors

Cyberport Macro Fund

Description

Avalon SteriTech ("Avalon"), a global start-up specializing in public health and environmental hygiene solutions, announced the close of a US$9 million funding in Pre-Series A round. This round initiated in April this year was participated by SoftBank Robotics Group Corp. ("SBRG")*, the global leader in robotics solutions as well as Cyberport Macro Fund and a few individual angel investors. SBRG will continue to support Avalon in driving its business strategy and product R&D, expanding the global sales network, while exploring opportunities for future fundraising and M&A activities.

Quick answer

Avalon SteriTech raised $9 Million in a Pre-Series A round, dated December 12, 2022. Investors: Cyberport Macro Fund. Avalon SteriTech is based in China.

How much did Avalon SteriTech raise?
Avalon SteriTech raised $9 Million in a Pre-Series A round on December 12, 2022.
Who invested in Avalon SteriTech?
Cyberport Macro Fund is named as investors in this round.
What does Avalon SteriTech do?
Avalon SteriTech strives to provide next-generation cleaning, disinfection and sterilization technology infrastructure for public spaces.
Where is Avalon SteriTech based and how big is it?
Avalon SteriTech is based in China.

Source: Fundz verified event record.

Who else raised in Biotechnology and Health Care around the same time

Companies in the same sectors as Avalon SteriTech that raised within 45 days of this round, from Fundz verified event records.

  • HBM Alpha Therapeutics raised an undisclosed amount (Seed) on January 26, 2023.
  • ADARx Pharmaceuticals, Inc. raised $46M on January 26, 2023.
  • Streamex Corp. raised $234K (Seed) on January 25, 2023.
  • ForceField Protection raised $250K on January 24, 2023.
  • Apexigen raised $2.8M (Seed) on January 24, 2023.
  • AdipoPharma raised an undisclosed amount (Series A) on January 23, 2023.

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Company Information

Company

Avalon SteriTech

Location

China

About

Avalon SteriTech strives to provide next-generation cleaning, disinfection and sterilization technology infrastructure for public spaces. Led by a diverse team of world-class scientists, medical doctors, academic advisors and business professionals, Avalon SteriTech is able to use its knowledge and market insights to deliver customized solutions that address unmet public health needs. As part of the Avalon Group, a Hong Kong homegrown biomedical group founded in 2013, Avalon SteriTech aspires to become a worldwide leader in public health infrastructure and protection.

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