Innovo Therapeutics announced that it has raised nearly CNY 100 million in a round of funding led by new investor, Zhuhai Huajin Capital Co., Ltd. on December 1, 2023. The transaction included participation from new investor, Qiandao Investment Fund Management (Beijing) Co., Ltd., Hainan Longmen Private Equity Fund Management Partnership (Limited Partnership), China Financial Strategy Investment Holdings Co., Ltd and returning investor, Ming Bioventures.