
Banyan Capital leads $21m round for China food brand

Hot Life, a Chinese online-to-offline food brand that sells spicy crayfish, has completed a RMB140 million ($21 million) Series B round led by Banyan Capital. Matrix Partners and N5 Capital also participated.
Hot Life, also known as Relashenghuo in Chinese, was founded by Beijing-based restaurant chain Spice Spirit in 2011. Early operations focused on selling spicy crayfish online but have since expanded into...
Latest News
China's Black Sesame completes Series C with $500m haul
Black Sesame Technologies, a China-based chipmaker specializing in autonomous driving applications, has closed a Series C extension led by SummitView Capital. This brings the size of the overall round to USD 500m.
J-Star invests Japanese courier business
Japanese lower middle-market private equity firm J-Star has made an investment of undisclosed size in air cargo transportation and courier services provider Score Japan Holdings.
Gaorong, Tsing Song back China CDMO IntellectiveBio
Gaorong Capital and Tsing Song Capital have led a CNY 500m (USD 74m) Series C for IntellectiveBio, a China-based contract development and manufacturing organisation (CDMO).
Morningside joins round for China's Epigenic Therapeutics
Morningside Venture Capital has teamed up with Kingray Capital, Trinity Innovation Fund, TigerYeah Capital, and FountainBridge Capital to provide USD 20m in angel and pre-Series A funding for Epigenic Therapeutics, a China-based gene editing specialist.