financing Archives - Page 7 of 42

Universal Name Service Protocol SPACE ID Closes Seed Round Led by Binance Labs

Decentralized identity protocol SPACE ID has closed seed-round funding led by Binance Labs, the venture capital arm and accelerator of Binance.

Cloud-Native RPA Manufacturer Uniner Technology Secures Round-A Financing

Uniner Technology, a cloud-native robotic process automation (RPA) manufacturer, has secured round-A financing, jointly led by Sky9 Capital and Haochen Capital.

Chip Design Startup EagleChip Bags $41M in Angel Funds

Suzhou-based chip design company Yige Technology, also known as EagleChip, announced on August 31 its completion of angel investment totaling 286 million yuan ($41.5 million).

Microalgae Synthesis Firm Demeter Nears 100M Yuan in Pre-A Round Funds

Demeter Bio-Tech (Zhuhai) Co., Ltd., a microalgae product synthesis enterprise, has recently completed a pre-A round of financing totaling nearly 100 million yuan ($14.50 million).

GAC AION to Conduct A-Round Financing

On August 26, GAC AION's A-round of capital fundraising was officially listed on the Guangzhou United Assets and Equity Exchange.

Rising Auto CEO: No IPO Plan at Present

Wu Bing, the CEO of SAIC subsidiary Rising Auto, stated on August 26 that the firm currently has no plans to go public for financing, during the 2022 Chengdu Auto Show.

Sunwoda Electric Vehicle Battery Breaks $1B in Round-A Financing

Sunwoda Electric Vehicle Battery Co., Ltd. (Sunwoda EVB) announced on August 25 that it has completed round-A financing of about 8 billion yuan ($1.17 billion).

Zeekr Denies Reports of IPO Plan

It is reported that Zeekr, a high-end smart electric vehicle brand owned by Chinese firm Geely, is considering plans to conduct IPOs in the US and Hong Kong. Zeekr responded that it doesn't have new financing plans now.

AR Tech Firm Nreal Bags $15M in New Funds

Nreal, an augmented reality technology startup, announced on August 25 that it has received strategic investment of $15 million from IICOMBINED, the parent company of South Korean sunglasses brand Gentle Monster.

Vector Database Firm Zilliz Closes $60M Series B+ Funding Round

Zilliz, a vector database company, announced on August 25 its completion of a B+ round of financing totaling $60 million, increasing its overall round-B funds $103 million.

Wire Control Chassis Firm BIBO Bags Nearly 1M Yuan in Pre-A Round Financing

On August 25, Bibst (Shanghai) Automotive Electronics Co., Ltd., also known as BIBO, announced its completion of nearly 100 million yuan ($14.6 million) in a pre-A round of financing.

Wealth Management Digital Solution Provider NewBanker Completes Round C Financing

NewBanker, a provider of digital solutions for wealth management, announced on August 24 that it had secured funding from a firm owned by CICC Capital, with Yuanhe Capital as the exclusive financial adviser.

Virtual Power Plant Firm Vpptech Bags Tens of Millions of Yuan in Pre-A Funds

Virtual power plant operations and technology provider Vpptech has completed a pre-A round of financing worth tens of millions of yuan, following joint investment by Sequoia China Seed Fund and China Merchants Venture.

New Energy Truck Firm DeepWay Bags $67M in Round-A Financing

DeepWay, a smart new energy truck company, announced on August 23 that it has secured 460 million yuan ($67.19 million) in Series A financing. This is the first round of external financing for DeepWay.

Tongyu Automotive Raises Nearly 200M Yuan in Series A+ Financing

Tongyu Automobile, a developer of intelligent driving systems, announced on August 21 the completion of round-A+ financing totaling nearly 200 million yuan ($29.2 million). Xiaomi is one of its co-leading investors.

Safeheron Announces $7M in Pre-A Funds and Cooperation With MetaMask

Safeheron, an open-source, zero-trust, self-custody solution for Web3 small and medium enterprises (SMEs), on August 19 announced its pre-A funding worth of $7 million and the strategic partnership with crypto wallet MetaMask.

Game Analytics Firm Thinking Data Bags 100M Yuan in Round-C+ Financing

Thinking Data, a provider of big data analysis services for the game industry, has completed a C+ financing round worth 100 million yuan ($14.65 million), featuring investment from GGV Capital.

Semiconductor Company IC Bench Completes Pre-A Round of Financing

IC Bench, a semiconductor technology company, announced on August 19 that it had completed the pre-A round financing, led by Intel Capital, and followed by Primarius and Lenovo Capital and Incubator Group.

Chinese Robot Industry Saw H1 Financing of Over 5B Yuan

In the first half of 2022, China's robot industry has garnered cumulative financing exceeding 5 billion yuan ($734 million).

Hydrogen Gas Turbine Brand Marvel-Tech Secures Pre-A Round Financing

Marvel-Tech, a hydrogen gas turbine brand, has recently completed a pre-A round of financing totaling nearly 50 million yuan ($7.3 million), led by Fortune Capital and followed by Shunwei Capital and Zizhu Seedlings Fund.

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