We have received your feedback.Thank you for taking your time in view of your busy schedule.
Chinese VC Funding Weekly Overview (12.27-12.31)
Chinese industrial robot maker Youibot Robotics nets $47 million
Chinese industrial mobile robot maker Youibot Robotics has received more than 300 million yuan ($47 million) in two additional funding rounds of Series B, led by FG Venture and Xicheng Jinrui respectively. The deals are follow-up investments for a $15 million Series B the company received in May this year. Other investors include IDG Capital, Pine Venture, SIG, BlueRun Venture, SoftBank and SOSV's HAX Accelerator. The proceeds will be used for research and development, team building, and market expansion.
Chinese streetwear retailer Knowin completed a new round of financing
Knowin, a one-stop trends and lifestyle brand geared towards Gen Z customers, recently completed a new round of financing worth several hundred million yuan. The investors that join in this deal include Alibaba, Sky9 Capital, Matrix Partners and ZhenFund. Palm Capital Asia Partners continues to serve as the exclusive financial advisor. In May 2021, the company received nearly 200 million yuan ($31.39 million) in Series A round of financing. This new round is the third one completed by Knowin this year.
Codeless data company Huobanyun raised $40 million in its Series B+
Codeless data company Huobanyun has garnered $40 million in its Series B+ round of financing. The investors include Sequoia Capital China, 5Y Capital, Trustbridge Partners, Belle International and Engage Capital. Boutique investment bank 100Summit Partners facilitated the transaction. Sequoia China and 5Y Capital had earlier co-led the $17-million Series B round for Huobanyun in May this year. The company will use the proceeds to spruce up its products and for service support.
Medical SaaS platform LinkedCare closes its Series D+ round
LinkedCare, China's Software-as-a-Service (SaaS) and supply chain management provider for the country's fast-growing dental and medical aesthetics industry, announced that it had completed its Series D+ round financing, led by Cowin Capital. This deal is the second financing obtained by LinkedCare this year. In June this year, the company finished its Series D round with an amount of $100 million, which was led by Investcorp, Matrix Partners and Jinding Capital.
Chinese startup Flagchip closes a new round of funding
Chinese startup Flagchip that focuses on automotive chips closed a new round of financing with a cumulative amount of several hundred million yuan. The investors include SAIC Capital, Xiaomi, Shunwei Capital, Glory Ventures, Hua Capital, CDH Investments, Sinovation Ventures and Junxi Capital. Among them, Glory Ventures was the joint leading investor of its Angel round of financing.
Intelligent design platform finishes its Pre-A round of fundraising
Intelligent design platform Nolibox has recently completed a Pre-A round of financing worth of tens of millions of yuan, led by GL Ventures. The proceeds will be used for expansion of the company's team, product research and development, design material authorization and user growth. Earlier, Nolibox has completed two rounds of financing within the past three months.
Trunk Tech bags over $30 million to develop self-driving trucks
Chinese startup developing autonomous driving startup Trunk Tech has raised over $30 million from Yuexiu Industry Investment Fund, ZWC Partners and BHCP. The company previously raised funds from investors, including RBVC, the venture capital division of Germany's Bosch Group, during a Series A+ round in 2019.
20n Bio secures $3.3 million in Seed funding
20n Bio, a Malvern, Pa.-based artificial intelligence (AI)-powered drug discovery company focusing on designing new proteins for therapeutics, raised $3.3 million in Seed funding. The round was led by BlueRun Ventures China. The company will use the funds to expand its scientific team, establish its discovery platform, and start multiple early studies in oncology and other genetic diseases.