On August 14, 2023 Kaiyue Life reported the completion of Pre-A round of financing in August 2023 (Press release, KeYe Life Technologies, AUG 14, 2023, View Source;article_id=88 [SID1234644608]). This round of funds will be mainly used for platform construction and to advance the core pipeline to IND in China and the United States and other pipeline development.

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Founder Dr. Zhang Yandong said: "I am very grateful for the continued efforts of the company’s strong and professional founding team and the strong support and trust of investors. The success of this round of financing is a full recognition of the company’s operational capabilities and the development potential of its technology platform."

The head of a well-known family fund said: "We are very pleased to participate in the Pre-A round of investment in Kaiyue Life.