In last week’s VC news, a local gene tech firm raises funds from Tencent, Singapore’s Keppel Capital sets its eyes on China’s logistics market, while autonomous driving powerhouse Pony.ai takes its valuation to new highs.
OnePlus co-founder Carl Pei on Jan. 27 announced the establishment of his London-based new consumer technology startup Nothing, which obtained $7 million in fresh capital last December.
Lalamove is steadily moving towards completing its financing target of $1.5 billion. Matrix Partners China announced a new flagship fund of roughly $1.2 billion. VSPN and Uisee both raised serious capital.
Most prominent fundraising news of last week brought together robot-maker Flexive, raising $100 million for expansion, online art education platform Meishubao, bagging over $210 million, and one of China’s most popular milk tea brands, Nayuki
Last week was big for edtech fundraising news. Two of China’s largest edtech unicorns, Zuoyebang and Yuanfudao, both raised huge sums, pushing their valuations through the roof.
Last week saw several notable investment rounds raised in the world of China VC.
Three VC wins last week included DNA test company Genebox bagging a Series A+ round; semiconductor design firm X-Epic raising over $30 million; and EV brand Nezha netting $305.5 million first Series C tranche.
This week two prominent Chinese online education players received considerable capital injections, while crowdfunding platform Waterdrop and China’s “Uber for trucks” Manbang also received significant investment.
Last week saw two prominent Chinese VC funds – Future Capital and Qiming Venture Partners – raise new US dollar funds.
Last week saw a fundraising announcement from the Singapore-based Chinese language learning platform LingoAce. Guangzhou-headquartered agricultural drone maker Jifei Technology raised a record $182 million.
AI startup Emotibot raises 200 million Series C round.
Gracell Biotechnologies raises $100 million in Series C round.
Chinese esports ‘total solutions provider’ VSPN (Versus Programming Network) has raised close to $100 million in its latest Series B round of financing.
Chinese smart EV manufacturer ENOVATE announced on Wednesday that it has completed its latest funding round, raising nearly 5 billion yuan ($742 million).
Capsule-size endoscope tool maker Jifu Medical completes Series C round of financing.