SHANGHAI -- Shanghai-based semiconductor company Innostar has raised nearly $100 million in a Pre-A financing round led by returning backer Shanghai Lianhe Investment.
New Alliance, a 10 billion yuan ($1.5 billion) fund that targets technology, media, telecom and health care, also reinvested. New investors included state-backed Atlas Capital and KQ Capital, Innostar said in a Tuesday WeChat post.
