JunHe was appointed the legal counsel of Tripod Preclinical Research Laboratories Co., Ltd., in this round of financing. The total amount raised was almost RMB 1 billion and was led by Ruihua Capital, Lilly Asia Ventures and GL Ventures. It was followed by IDG Capital Partners, L Squared Private Management, Shanghai Boquan Equity Investment Management Co., Ltd., Growth Capital, Huatai Zijin Investment Co., Ltd., HJ Investment Management Co., Ltd., Shanghai Lingang LANWAN Private Fund Management Co., Ltd., Nanjing Innovation Capital Group and Qiming Weichuang Venture Capital Management (Beijing) Co., Ltd. It was also followed by 3H Health Investment Management (Hong Kong) Limited, Beijing Shiji Investment Management Co., Ltd., Suzhou Fund, Hangzhou Xiaochi Private Equity Fund Management Co., Ltd., Suzhou Industrial Park Yuan Fu Venture Capital Limited Partner and Loyal Valley Capital.
Founded in 2008, Tripod Preclinical Research Laboratories provides technical services focusing on pre-clinical evaluation studies for the research and development of biomedicine and medical devices worldwide. Their business scope covers non-human primate disease models, pharmacological pharmacodynamics/device efficacy, pharmacokinetics and GLP toxicological evaluation research in translational medicine, clinical trials, clinical bioanalysis and other services. The company has also established a central laboratory and biological sample database. Tripod Preclinical Research Laboratories is committed to building a domestic first-class CRO platform for the whole industry chain of biomedicine that meets international standards and provides world-class integrated services that reflect the value of the industry for biomedicine research and development.
Since 2019, JunHe has provided legal services to Tripod Preclinical Research Laboratories for acquisitions, new offerings, delistings, mergers, financing and other projects. During this round of financing, JunHe provided the company with comprehensive legal services including the preparation of the complete set of transaction documents, communication and negotiation with the lead investors as well as the new and old investors on behalf of the company. JunHe’s team prepared the closing documents and helped the company at the closing with the investors in this round of financing.
The leading partner of this project was FENG, Cheng.