XW Labs raises $17.5M series B

XW Laboratories Inc. (Wuhan, China) said it raised $17.5 million in a series B round led by Elements Capital and WI Harper. New Korean investor KTB Network and all existing investors comprised of Kleiner Perkins Caufield & Byers China, Johnson & Johnson Innovation - JJDC Inc. and WuXi Venture participated.

XW Labs said it has raised a total of $23 million between the series B and a 2014 series A led by KPCB China...