Source Code Capital
Cathay leads Series C for China's Unisun Energy
Cathay Capital has led a Series C round of undisclosed size for Unisun Energy, a China-based green power service provider for industrial and commercial sites.
Meituan to buy Chinese AGI player Light Year
Listed Chinese consumer technology platform Meituan has agreed to acquire 100% of Light Year, a VC-backed local artificial general intelligence (AGI) business, for USD 284.3m.
China energy storage player JD Energy raises $100m
Xi’an-based energy storage company JD Energy has raised a CNY 700m (USD 100m) Series B round led by Goldstone Investment, a private investment subsidiary of CITIC Securities.
China pool cleaning robot start-up gets $29m angel round
GL Ventures, Shunwei Capital, and Source Code Capital have participated in a CNY 200m (USD 29m) angel round for Xingmai Innovation, a China-based developer of robots that clean swimming pools.
China semiconductor player Eswin Material raises $576m
Eswin Material, the integrated circuit manufacturing unit of Eswin Technology Group, has raised CNY 4bn（USD 576m）in Series C funding led by the New Materials Fund of China National Building Material.
China automotive industry supplier Kasco raises $72m
Kasco, a China-based air suspension supplier for passenger vehicles, has closed a Series B round of CNY 510m (USD 72m) led by an investment arm of CRRC Group, China State-Owned Venture Capital Fund, Source Code Capital, and Shenzhen Capital Group.
Capital Today leads $40m Series B for China's XYZ Robotics
XYZ Robotics, a Chinese start-up specialising in robotic hand-eye coordination, has raised an extended Series B round of USD 40m led by Capital Today China Group.
Capital Today leads $100m round for China's Hai Robotics
Hai Robotics, a China-based warehouse robot company, has raised an extended Series D round of USD100m led by Capital Today China Group.
Deal focus: Bud puts content creators first
GGV Capital first backed Bud before the founders had a market-ready product. Now the company has closed a Series B round and is looking to take its user-generated content tools into more markets
Singapore metaverse platform Bud raises $36.8m
Singapore-based metaverse user generated content (UGC) platform Bud has raised a Series B round of USD 36.8m led by Sequoia Capital India.
Genesis leads Series A extension for China's Nutshell Therapeutics
Nutshell Therapeutics, a China-based specialist in protein-focused drugs, has raised USD 40m in an extended Series A led by Genesis Capital.
Source Code leads Series B for China's Fair Robotics
Fair Robotics, a China-based collaborative robot developer, has raised a USD 50m Series B round led by Source Code Capital.
China's Taichi Graphics raises $50m
Taichi Graphics, a China-based 3D digital content creation platform has raised a USD 50m Series A led by Source Code Capital, GGV Capital and BAI. Existing investor Sequoia Capital China re-upped.
China biotech IPOs in Hong Kong to stay strong - AVCJ Forum
The frenzy for Chinese biotech developers listing in Hong Kong is expected to continue well into 2022, industry participants told the AVCJ Private Equity & Venture Forum.
China MRO player Ruigu gets $250m Series D
Ruigu, a China-based industrial supplies platform that serves small and medium-sized enterprises (SMEs), has raised $250 million in Series D funding led by Primavera Capital Group.
Deal focus: Whale takes a bite of big data
China-focused digital marketing start-up Whale has secured $50 million in Series B funding to hone a product offering that helps companies optimize customer engagement by analyzing traffic flows
China digital marketing platform gets $50m Series B
Whale, a China-focused digital marketing platform, has raised a Series B round of $50 million led by Temasek Holdings. Existing investors Nio Capital, Linear Capital, and Alpha Startups Fund re-upped.
China's Source Code raises $1.1b renminbi fund
Chinese venture capital firm Source Code Capital has raised RMB7 billion ($1.1 billion) for its fifth renminbi-denominated fund after approximately three months in the market.
China robotics player Mech-Mind raises $154m
Chinese industrial robotics supplier Mech-Mind has raised nearly RMB1 billion ($154 million) in a Series C funding round led by Meituan and IDG Capital.
Deal focus: Investors flock to SaaS specialist Ones
China’s Ones aspires to become Atlassian rather than Slack, catering to software developers working on complicated projects. Effective localization is partly responsible for a surge in VC investment
China warehouse robot supplier secures $200m
Hai Robotics, a China-based manufacturer of robots used in warehouses, has raised approximately $200 million across two funding rounds.
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.