Smart Wearable Maker Codoon Receives $9.76 Series A Financing

Chengdu, Sichuan province-based smart wearable maker has received 60 million yuan (around US$9.76 million) series A financing, according to Chinese media reports.

Shenzhen Capital Group led the round and CITIC Capital also participated.

Codoon previously received RMB22 million series A funding from Chinese online gaming company Shanda Capital in 2011.

The company says it will use the proceeds to develop the health-tracking platform and user community of Codoon.

Founded in 2011, Codoon provides products including wristband, step counter and bluetooth body scale. The company says it has more than 10 million registered users.

China Expert network