China early-stage investment round-up

This is a selection of venture capital investments into China-based start-ups. It was compiled by Mergermarket, AVCJ's sister title, based on proprietary reporting and content published by third-party sources.

Trio.ai raises $17m Series B round

Trio.ai, a Beijing-based developer of an artificial intelligence (AI) conversational platform that enables people to interact with computers and smart devices using natural language, has raised a RMB110 million ($17.3 million) Series B round, according to LanjingTMT and Kejilie. Investors include HanFor, China Minsheng Investment Group, Foxconn Technology Group and Xiamen Torch Group. The proceeds will be mainly used for technology development and commercialization of its products. 

Genetic analysis provider secures Series B-plus round

Compass Biotechnology, a Beijing-based provider of genetic analysis services in the field of life science, has secured tens of millions of RMB in a Series B-plus round led by Zheshang Chanrong Holdings, PEdaily reported. The proceeds will mainly be used to accelerate new product development, market expansion, and testing center construction.

Qiming leads $1.6m round for Philm

Philm, a Beijing-based developer of a photo and video editing app, has raised RMB10 million ($1.6 million) in a Series A-plus round led by Qiming Venture Partners, 36Kr reported. GGV Capital also participated in this round, which valued Philm at RMB80 million. Yiqiu Capital served as a sole advisor on the deal.

Hyperion raises Revo-led angel round

Hyperion, a Beijing-based manufacturer of high-performance silver-based materials, has secured RMB10 million ($1.6 million) in an angel round led by Revo Capital with the participation of Hyperion’s founding team, according to The Founder and ITJuzi. The company plans to raise a pre-Series A round of RMB15 million in July. The funds will be used to hire new staff and build production lines. Established in 2016, Hyperion focuses on providing downstream manufacturers with R&D and production solutions for micron-to-nanometer precious metal materials.

Tiger Sugar raises pre-Series A

Tiger Sugar, a Shanghai-based milk tea service provider, has raised tens of millions of renminbi in a pre-Series A round from Jing Liao, chairman of Hui Ying Tai Fu, and Chinese actress Yue Yu, PEdaily reported. The new capital will be used to expand directly-operated stores, construct upstream and downstream supply chains, and establish IT systems.

Junshang leads $1.6m round for Haizhimao

Haizhimao, a Shanghai-based B2B supply chain platform for fresh fruits and vegetables, has secured RMB10 million ($1.6 million) in a pre-Series A round led by Junshang Capital, with participation by Zhaogang.com, according to PEdaily and 36Kr. The company will use the new capital to improve its service warehouses, internal systems, and personnel structure.

Hailianzufang completes pre-Series A at $16m valuation

Hailianzufang, a housing rental information and trading service platform based in Guangzhou, has raised RMB10 million ($1.6 million) at a valuation of RMB100 million in a pre-Series A round from undisclosed investors, 36Kr reported. The proceeds will mainly be used for system optimization and marketing.

Hongxiu leads funding round for Burabi

Burabi, a Shenzhen-based developer of baby feeding products such as formula milk makers, mugs and spoons, has raised tens of millions of renminbi in a pre-Series A round at a valuation of RMB100 million, 36Kr reported. The round was led by Hongxiu VC, with participation by Langke Investment. The proceeds from this round of financing will be used to expand the product line and grow marketing efforts in China and overseas.

Geekbeans invests $1.9m in ChainPlus

ChainPlus, a Hong Kong-based marketing organization for blockchain companies, has secured RMB12 million ($1.9 million) in an angel round from Geekbeans Capital, 36Kr reported quoting Odaily. The company plans to use the capital for team building, overseas market expansion, and community building. ChainPlus provides consulting, public relations, and operation services for overseas blockchain brands.

Myshare raises angel round led by Albatross

Myshare, a Beijing-based provider of blockchain-based cloud storage, has raised several million renminbi in an angel round led by Albatross Venture with the participation of Node Capital, 36Kr reported.

Qingyan leads Series A round for Idealoeye 

Idealoeye Technology, a specialist in computer vision technology, has secured tens of millions of renminbi in a Series A round, Sina reported. The round was led by Qingyan New Generation Artificial Intelligence Fund, with participation by District 10 VR/AR Incubation Fund. Proceeds will be used for product technology optimization, mass production, market expansion and emerging business development.

Aitekang secures Yizhuang-led Series B

Aitekang Medical, a Beijing-based surgical tools developer, has raised tens of millions of renminbi in a Series B round led by Yizhuang Biomedical M&A Funds, Lieyunwang reported. Insight Capital, a venture capital firm focused on early-stage investments in the medical field, also joined the round.

ChosenMed receives $7.4m investment

ChosenMed, a Beijing-based provider of oncology products and services, has received a RMB50 million ($7.4 million) investment from Yangtze Fund, PEdaily reported. ChosenMed covers precision medicine solutions including early tumor screening, prevention and diagnosis, dynamic monitoring, medication guidance, prognostic evaluation, and bioinformatics big data analysis.

Dinsun commits seed funding to Fengwoandi

FengwoAndi, a Shanghai-based provider of smart mailing services, has received a seed round of financing from Dinsun Investment, a private investment group that engages in venture capital, asset management, and equity investments, Newseed and Lieyunwang reported. The company will use the capital for urban partner recruitment and team operations. 

Gong’s Cha raises angel round from Zhong Weiwei

Gong’s Cha, a Jiaxing-based producer of tea products, has raised several million RMB in an angel round from Zhong Weiwei, according to 36Kr. The proceeds from this round will be used for market expansion, team building, and product optimization.

Albatross commits angel funding to GangSheng

GangSheng Technology, a Hong Kong-based financial technology company, has secured several million renminbi in an angel round from Albatross Venture, ITjuzi reported. GangSheng’s full-stack solution is aimed at connecting cryptocurrency systems to traditional finance and the global economy and can securely manage multiple orders, exchange accounts, and cryptocurrency assets in accordance with users' requirements on time at great speed.

Matrix invests in Xijing Detective

Xijing Detective, a Xian-based gaming platform, has raised several million RMB from Matrix Partners China, according to 36Kr and Newseed. The company’s trademark detective game allows players to participate in story analysis via WeChat group chat and work together to solve its mystery. This round of financing will be used for product development, content ecosystem, and team building.

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• Topics
• Greater China
• Early-stage
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• TMT
• China
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• seed