Matrix Partners
Matrix China leads $60m round for Nasn Automotive
Shanghai-based Nasn Automotive, a manufacturer of vehicle wiring and brake systems, has raised RMB400 million ($60 million) in a Series B round of funding led by Matrix Partners China.
China’s GaiaWorks raises $44.4m in Series C
China-based GaiaWorks, an HR-focused software-as-a-service (SaaS) provider, has raised RMB300 million ($44.4 million) in a Series C round of funding led by Tiger Global Management.
Fund focus: Matrix doubles down on India
Matrix Partners India closed its third fund in speedy fashion despite ongoing woes about consistency in the country’s venture environment. Patience regarding comparisons with China has been critical
CDH leads Series A for Chinese commercial rocket launch player
Chinese commercial rocket developer iSpace has completed an extended Series A round of undisclosed size led by CDH Investments, with participation from Matrix Partners China and local VC Dianke Xinghe.
Sequoia-backed Futu Securities files for US IPO
Futu Securities International, a Hong Kong-based online brokerage backed by Sequoia Capital China and Matrix Partners China, has filed to list in the US.
Chinese online education start-up Yuanfudao raises $300m
Tencent Holdings has led a $300 million round of funding for Chinese online education start-up Yuanfudao, propelling the company to a valuation in excess of $3 billion.
Ola, VCs back India scooter sharing player Vogo
India-based ride-hailing platform Ola has committed $100 million worth of inventory to domestic scooter sharing business Vogo. It is part of a Series A round that also features Matrix Partners India and Stellaris Venture Partners.
Chinese online truck logistics platform raises $170m
Fuyoukache, a Chinese online truck logistics platform, has raised $170 million in a Series D round led by a Bank of China investment unit and Matrix Partners China. Prospect Avenue Capital also participated.
Matrix, Ceyuan invest $22m in China's Elens
Elens Data, a Beijing-based developer of artificial intelligence (AI) text and natural language analysis solutions, has raised RMB150 million ($22 million) in a Series A round led by Matrix Partners China with participation from Ceyuan Ventures.
IDG, Matrix back $20m round for Singapore's KuCoin
IDG Capital, Matrix Partners, and Neo Global Capital have jointly invested $20 million in Singapore-based cryptocurrency services company KuCoin.
Chinese new energy vehicle rental platform raises $43m
DST, a new energy vehicle rental service platform that mainly serves logistics companies, has raised RMB300 million ($43 million) in the first tranche of a Series B round led by Bojiang Capital, with participation from Japan's Itochu Corporation.
Chinese HR SaaS player Beisen gets $100m Series E
Beisen, a Chinese cloud-based software-as-a-service (SaaS) provider specializing in human resources, has raised over $100 million in a Series E round led by Matrix Partners and Genesis Capital, with participation from Sequoia China Capital. All three...
China healthcare big data platform gets $30m Series B
Weimai, a Chinese healthcare-focused big data platform that operates on a city-by-city basis, has received $30 million in Series B funding led by Cenova Ventures, Source Code Capital, Vision Plus Capital, and Matrix Partners China.
China's PingCap gets $50m Series C
PingCap, a Beijing-based start-up that provides database solutions for enterprise customers, has secured a $50 million Series C round led by Fosun Group and Morningside Venture Capital.
Hillhouse leads $55m round for Chinese online education start-up
Kaochong, a Chinese online learning services provider that targets university students, has secured a $55 million Series D funding round led by Hillhouse Capital, with participation from Tencent Holdings and Matrix Partners China.
Orchid leads $70m Series E for China's SoYoung
SoYoung, a Chinese online marketplace focusing on cosmetic surgery, has raised $70 million in Series E funding led by Orchid Asia. There was additional participation from Matrix Partners China, BOC International, and the Russia-China Investment Fund (RCIF).
Chinese electronic signature platform gets $52m Series C
Tiger Global Management has led a Series C funding round worth RMB358 million ($52.4 million) for Bestsign, a Chinese technology developer that specializes in electronic signatures for paperless contracts.
Chinese autonomous driving player Yihang raises Series B
Yihang.ai, a Chinese autonomous driving technology provider, has received RMB220 million ($32.2 million) in Series B funding led by a fund managed by China International Capital Corporation (CICC).
Legend, Tiger back Chinese industrial e-commerce platform
Legend Capital and Tiger Global Management have led a $129 million Series C round for Zhenkunhang, a Chinese e-commerce platform that specializes in industrial products.
China’s PE-backed Tubatu files for HK IPO
Tubatu, a Chinese online home renovation platform backed by Matrix Partners and Sequoia Capital, has filed for an IPO in Hong Kong.
Matrix raises $300m for third India fund
Matrix Partners has raised $300 million for its third India-focused venture capital fund, which will back companies in sectors including consumer and enterprise technology and financial technology.
Hong Kong's Klook gets $200m Series D
Hong Kong travel services company Klook has closed a $200 million Series D funding round from a group of investors including Sequoia Capital China, Matrix Partners, and Goldman Sachs.
Chinese second-hand goods trading platform raises $65m
Sequoia Capital China has led an extended Series B round worth $65 million for Xiangwushuo, a Chinese online trading platform for second-hand goods. The company, which was founded as recently as 2017, has now raised $110 million in cumulative funding.
Chinese cosmetic surgery app raises $50m Series D1 round
Hong Kong-listed photo editing and social networking app Meitu and a fund-of-funds managed by Shenzhen-based DH Fund have committed $50 million in Series D1 funding to Gengmei, a Chinese information platform that focuses on cosmetic surgery.