Insight Capital raises $71.8m

The Beijing-based investment firm has held a final close for its third fund.

Insight Capital has corralled CNY500 million ($71.8 million, €63.1 million) for Medical Fund No.3. The fund will target early-stage investments in China’s healthcare sector.

The fund attracted commitments from government guidance funds, founders of pharmaceutical companies and domestic fund of funds.

Established in 2016, the firm manages nearly CNY1 billion ($143.5 million, €126.1 million).