Redpoint China Ventures
China's Enflame secures $273m Series D
Shanghai International Group (SIG) – acting through an assortment of investment units – has led a CNY 2bn (USD 273m) Series D round for Chinese artificial intelligence (AI) chip designer Enflame Technology.
Deal focus: Affine builds software for an office beyond Office
Affine is one of many start-ups working on a set of collaborative tools to replace Word, Excel, and PowerPoint. Its open-source model struck a chord with investors at a time when capital is scarce
China GPs back pre-Series A for software start-up Affine
Affine, a Chinese-founded and Singapore-based collaborative software start-up, has raised USD 10m in pre-Series A funding led by Redpoint China, China Growth Capital, and Sinovation Ventures.
China chip designer Yige raises $42m angel round
Suzhou Yige Technology, a China-based semiconductor chip designer also known as EagleChip, has raised a CNY 286m (USD 41.5m) angel round led by Matrix Partners China, Redpoint China, Sequoia Capital China, CTC Capital, and Vlight Capital.
China procurement services start-up raises $102m
Chinese procurement management platform Going-Link, also known as Zhenyun, has raised a RMB650 million ($102 million) Series C round led by Meituan-backed DragonBall Capital.
Temasek leads $550m round for US cybersecurity player Orca
Singapore’s Temasek Holdings has led a $550 million Series C round for US cybersecurity provider Orca Security that will support an Asia expansion.
Xiaomi to buy VC-backed autonomous driving start-up
Chinese smart phone maker Xiaomi has agreed to buy local autonomous driving technology developer Deepmotion, facilitating liquidity events for Source Code Capital and Redpoint China Ventures.
Chinese investors join $400m round for Nigeria's Opay
Several Chinese investors have re-upped in a $400 million round – at a valuation of $2 billion – for Nigeria-based logistics and payments technology company Opay.
China AI chip designer Vastai raises $77m
Vastai Technologies, a China-based artificial intelligence (AI) chip designer, has raised RMB500 million ($77 million) in an extended Series A round led by Matrix Partners China and China Internet Investment Fund.
Deal focus: China big data player goes global
China’s Kyligence is plugging new technologies into an increasingly cloud-based and services-oriented enterprise software space. It has raised $70 million to pump up an international expansion
China data analytics start-up Kyligence raises $70m
Kyligence, a China-based data analytics business, has closed a $70 million Series D round led by SPDB International.
Redpoint China promotes Kyle Liu to partner
Redpoint China Ventures has promoted Kyle Liu, who focuses on early-stage enterprise services and cutting-edge technology investments, to partner level.
China AI chip designer Vastai raises $50m
Vastai Technologies, a China-based chip designer, has raised $50 million in Series A funding led by video-sharing platform Kuaishou, Redpoint China Ventures, and 5Y Capital.
GP profile: Redpoint China Ventures
Redpoint China Ventures spun out from its US parent in 2016, but the knowledge it retained – and the communication that remains – has been key to moving early on enterprise technology
China autonomous driving: Dimension jump
There are no arguments about the transformational potential of autonomous driving in China, but investors have different ideas about where to find value
China semiconductor: The chips are up
Excluded from US supply chains, China is looking to satisfy its semiconductor appetite from within. Domestic start-ups can command huge valuations, but are they sustainable?
Chinese enterprise start-up WakeData gets $10m Series B
Chinese digital enterprise services provider WakeData has raised $10 million in Series B funding led by Redpoint China Ventures and Sequoia Capital China. Other investors include IDG Capital.
SummitView leads $99m round for China's Enflame
Enflame Technology, a Chinese artificial intelligence (AI) technology developer that provides deep learning solutions for data centers, has raised RMB700 million ($99 million) in Series B funding led by Summitview Capital.
China enterprise software: PaaS vs SaaS
Platform-as-a-service has become the flavor of the month in China’s software industry, but there can be a big difference between what start-ups are and what they claim to be
Deal focus: VCs back DataCanvas’ opensource solution
Chinese start-up DataCanvas wants to democratize artificial intelligence through a plug-and-play platform that lets companies customize algorithms. Financial institutions are the early adopters
Chinese big data player DataCanvas raises $17m
Beijing ZetYun Tech, also known as DataCanvas, has raised RMB120 million ($17 million) in Series C funding across two tranches. Participants include Zhongguancun Frontier Fund, GF Qianhe, Delta Capital, and Shidake Investment.
Chinese GPs back $120m Series B for OPay
A group of Chinese investors including Gaorong Capital and Sequoia Capital China have joined a $120 million Series B round for Nigerian logistics and payments technology company Opay.
Chinese social e-commerce player raises $20m
Wanwu Xinxuan, a Chinese social e-commerce start-up that specializes in products for infants and children, has raised $20 million in a Series B round of funding led by local consumer sector-focused venture capital firm Fresh Capital.
Coatue leads $25m Series C for China’s Kyligence
Coatue Management has led a $25 million Series C round for Chinese big data analytics and cloud services company Kyligence.