Biotechnology Company Qitan Tech Raised ￥40 Million In A Funding Led By Zhongguancun collaborative Innovation Investment Fund

Biotechnology company Qitan Tech raised ￥40 million in a funding led by Zhongguancun Collaborative Innovation Investment Fund and followed by Yahui Precision Medical Fund and Baidu Ventures. The investment will be used on R&D of new generation nanopore gene sequencing technology.

Established in September 2016,Qitan Tech uses nanopore gene sequencing technology to develop fast, low-cost and small fourth generation gene sequencing instrument and process chemicals.