GGV, ChengWei Venture Lead $20M Series B In Light Chaser Animation

Beijing-based animation start-up Light Chaser Animation Studios, founded by founder and ex-CEO of Chinese video sharing site Gary Wang, has received US$20 million series B financing, according to Chinese media reports.

GGV Capital and ChengWei Venture Fund led the round. Hillhouse Capital and existing investor IDG Capital Partners also participated.

Light Chaser previously received US$5 million series A funding from IDG Capital.

Light Chaser aims to produce top quality animated films, and its first animation film is to be released in July, 2015.

China Expert network