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Profex Raises $15.5 Million in VC Funds

Posted on August 27, 2008

PE Hub is reporting that Shanghai-based Profex Inc. has gotten hold of $15.5 million in first round venture capital funding.Profex is a dermatology startup in China. The funding round was co-led by Trident Capital and its Chinese affiliate Mustang Ventures.Trident Capital estimates that dermatology and skin care market in China is worth $1.3 billion and is growing by 20% per year. Trident Capital has about $1.5 billion in funds currently under management. Mustang Ventures has 10 years of investment experience in China and is focused on early stage development. (nutmeg)See full article.Relate...

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