China’s Horizon Robotics, a robotics chip developer founded by a former executive at Baidu Inc’s Institute of Deep Learning, is to raise a US$100 million series A+ round led by Intel Capital, the corporate venture arm of Intel Corporation.
A fund managed by Cathay Capital Private Equity has led a series B2 round in Chinese autonomous driving tech start-up Momenta, with participation from GGV Capital.
Chinese investors continue pouring money into autonomous driving technology in the hope of discovering the next Mobileye. In the latest example, Hangzhou-based venture capital firm Lanting Capital has led a series A round in Chinese autonomous driving technology firm Motovis.
SoftBank Group Corp has led a US$93 million series B round in Petuum Inc., a Pittsburgh, Pennsylvania-based machine learning infrastructure platform founded by a team of Chinese entrepreneurs, with participation from Chinese investment firm Advantech Capital.
Chinese investment firm Shunwei Capital has led a US$100 million round in Lalamove, a Hong Kong-based same-day inner-city delivery and logistics provider in Southeast Asia and China.
Singapore’s state investment firm Temasek Holdings, Chinese investment firm Tiantu Capital and Xindahanshi Capital have led a US$72.8 million new funding round in Tongdun Technology, a Chinese fintech start-up specializing in risk control.
Chinese short-term vacation home rental platform Tujia.com has completed a US$300 million series E round at a valuation of over US$1.5 billion. Existing investors All-Stars Investment and Ctrip led the round, with China Renaissance’s New Economy Fund, Glade Brook Capital, and G Street Capital also participating, the firm announced today.
Hong Kong X Technology Fund, backed by Sequoia Capital China-led Hong Kong X-Tech Start-up Platform, has co-led a US$9.5 million funding round in Efinix, a U.S.-based start-up developing programmable product platforms and technology.
JingChi Inc., a Chinese autonomous driving start-up founded by Wang Jing, former head of Baidu Inc’s Autonomous Driving Unit, has raised US$52 million in a pre-A round led by Qiming Venture Partners. China Growth Capital, Nvidia GPU Ventures and other unnamed investors also participated in the round.
Beijing-based start-up Yi+, which uses computer vision and artificial intelligence (AI) to provide intelligent media and marketing solutions, has obtained US$15 million in a series B funding round, the firm announced.
Chinese investment firms China Media Capital and AlphaX Partners have led a RMB550 million (US$83 million) new funding round in Gaosi Education, an online-offline K-12 education company listed on China’s New Third Board.
Legend Capital and Zhongjinqichen, a healthcare, technology and consumer-focused private equity fund under China International Capital Co., Ltd have lead a RMB250 million (US$38 million) series B round in Bellen, a Chinese medical contract research organization (CRO).
XW Laboratories Inc., a Chinese biopharmaceutical research and development company focused on neurological disorders, has raised US$17.5 million in a series B financing led by Elements Capital and WI Harper. New investo KTB Network, and all existing investors KPCB China, Johnson & Johnson Innovation and WuXi Venture, also participated.
Ping An Global Voyager Fund, a US$1 billion overseas investment fund launched by Ping An Insurance Group Co of China Ltd, has made its first investment in European fintech company 10x Future Technologies. Ping An Global Voyager Fund and strategy consultancy Oliver Wyman led a £34 million (US$40 million) series A round in 10x Future, which is founded by former Barclays CEO Antony Jenkins and focuses on providing holistic technology solutions to banks. “10x Future Technologies and Ping An share …
Qiming Venture Partners has led a RMB120 million (US$18 million) series B round in Infervision, a Chinese artificial intelligence start-up developing medical imaging technology.
Chinese venture capital firm Fosun RZ Capital has led a RMB150 million (US$23 million) series A+ round in Zhizhangyi, a start-up developing Internet security products for smartphones.
Chinese venture capital firm Hillhouse Capital Group has led a RMB100 million (US$14 million) series B round in Yunzhangfang.com, a corporate finance and tax management software-as-a-service (SaaS) provider.
JingChi Corp., a Chinese autonomous driving start-up founded by Wang Jing, former head of Baidu Inc’s Autonomous Driving Unit, has raised a US$30 million angel round and is in the process of closing a series A round of US$100 million, the company announced yesterday.
Chinese innovative drug developer Ennovabio has raised a US$10 million pre-A round from healthcare-focused venture capital firm HighLight Capital, a firm founded by former CDH Investments partner Wang Hui. Another Chinese investment firm Zhangkelingyi also participated.
Chinese venture capital firm Tiantu Capital has led a RMB290 million (US$44 million) new funding round in FreshMarket, an online fresh food ordering platform.
NewMargin Capital, a private equity firm listed on China’s New Third Board, has led a US$115 million series A round in TNG Fintech, a Hong Kong-based financial technology start-up developing a digital wallet platform.
GTJA Investment Group, a Shenzhen-based private equity firm focused on the healthcare sector in China, has led a US$30 million series B round in Wellem, a pediatric clinic franchise operator currently running 11 branches in China.
Chinese medical device maker Basecare, which specializes in manufacturing devices for embryonic pre-implantation genetic screening, has raised a RMB100 million (US$14 million) series B round from unnamed investors.
Lightspeed China Partners has led a new funding round worth tens of millions of U.S. dollar in Airburg, a Chinese air purifier maker, with participation from Zhen Fund.
Chinese venture capital firm GSR Ventures and Gobi Partners have joined a RMB35 million (US$5 million) series A round in DeepBrain, a four-month old business providing AI and blockchain-based SaaS solutions to Internet of Things (IoT) hardware manufacturers and app developers.
Israel’s Innoviz Technologies, a LiDAR sensing solutions developer targeting autonomous vehicles, has raised a US$65 million series B round.
BlueRun Ventures China has led a US$32.5 million series C round in Airobotics, an Israeli manufacturer of fully automated industrial drones, with participation from Microsoft Ventures, crowdfunding platform OurCrowd.com and an unnamed strategic investor.
WuXi NextCODE, a genomic big data platform resulted from a merger between Chinese contract research outsourcing provider WuXi AppTec’s genome center and NextCODE, has raised a US$240 million series B financing led by Sequoia Capital China. The round is among the largest venture financing deals for a start-up in the healthcare sector in China.
Chinese investment firm Yingke Private Equity has invested RMB100 million (US$14 million) in Shanghai Sanyou Medical Co., Ltd., an orthopedic medical device developer.
Seven Seas Partners, a Chinese venture capital firm established by former Tencent Holdings Ltd’s chief technology officer Jeff Xiong, has led a RMB350 million (US$53 million) series B round in Roobo, an artificial intelligence start-up developing home service robots.
Chinese venture capital firm YI Capital has led a RMB50 million (US$7 million) series A round in Seven Koalas, a checkout-free convenience store operator that places snack bars in offices, with participation from Matrix Partners China.