DealShot: China’s SMEs Fund Leads $11M Series A Round In Fitness Room Sharing Start-up Misspao

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China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a

daily basis.

Here you can find out where Chinese investors have been investing their money in at around 5pm each workday.

CompanyRoundAmountLead InvestorParticipantsCompany Intro   
YI TunnelAngel RoundTens of millions of RMBBaidu VenturesFengshion CapitalBeijing-based YI Tunnel develops checkout-free convenience store technologies. The company claims that its self-checkout machine can recognize over 10,000 items with over 99.99% accuracy rate.
LalamoveSeries CUS$100 millionShunwei CapitalXianghe Capital, MindWorks VenturesLalamove is a Hong Kong-based inner-city delivery and logistics company. Currently, it operates in 100 cities in Asia, and has over 15 million registered users and over two million registered drivers.
Diandian YangcheSeries C+Tens of millions of U.S. dollarsGGV Capital, GSR Ventures, Egarden Ventres, Magic Stone AlternativeDiandian Yangche is a Hangzhou-based start-up offering a range of painting and cleaning services for automobile. It currently operates in over 20 cities across China, with over ten million cumulative users.
LC-BioSeries AUS$9.6 millionSinowisdom CapitalZheshang Venture Capital, Rushan InvestmentLC-Bio is a Hangzhou-based company providing gene sequencing services for universities, research institutions and hospitals. It has developed targeted gene capture technology VariantPro, which can complete targeted gene sequencing library in ten minutes.
MisspaoSeries AUS$11 millionNational Small and Medium-size Enterprises Development FundMatrix Partners China, ChinaEquity Group, Whales Capital, Lieying CapitalMisspao is a Chinese start-up developing fully-automated mini fitness room. Users can find and make reservations for nearby Misspao fitness room via mobile app, and enter the room by scanning their smartphones. Each of the fitness rooms is equipped with one treadmill, air cleaner, solar power supply system and Internet-connected TV for entertainment.
Petuum IncSeries BUS$93 millionSoftBank Group CorpAdvantech CapitalPetuum Inc. is a U.S.-based machine learning infrastructure platform founded by a team of Chinese entrepreneurs. It has created a flexible operating system and virtualization interface that makes it easy for a broad range of users to build any type of machine learning or deep learning application at scale.
SeetaTechPre-ATens of millions of RMBAnts CapitalLinear VentureSeetaTech is a Beijing-based machine vision company. It has provided face recognition, deep learning technology solutions for over 100 enterprises including Ping An Insurance, China Aerospace Science and Technology Corp., and China Telecommunications Corp.
Gaiya EnvironmentSeries AUS$6 millionQiming Venture PartnersGaiya Environment is a Suzhou-based environmental protection solutions provider. It offers environmental restoration, soil improvement and environmental protection projects.
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