B Capital backs LinkMORE and 19 more deal updates from Greater China worth over $501m

LinkMORE, a Shanghai-headquartered company that develops SaaS-based solutions for the apparel industry, has raised over 150 million yuan ($24 million) led by New York-headquartered global investment firm B Capital Group.

While the round has roped in new investor Borchid Capital, it has also seen the participation of existing backers namely GGV Capital, Yunqi Partners and Baibu, a textile B2B platform backed by firms like DST Global and Hidden Capital.

Investment bank Leap Capital facilitated the transaction.

The corpus raised will be used by the company to upgrade its technology and products.

The rapid changes in the apparel industry call for better supply chain intelligence. Companies are forced to develop new products to cater to the requirements of the consumer and keep up with the growing competition. The market size of the said industry in China currently stands at 4 trillion yuan ($628 billion).

Last year in August, LinkMORE raised nearly 100 million yuan ($15 million) in its Series A round from GGV Capital, Yunqi Partners and Baibu.

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on January 07 – 11, 2022. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
Vital Thin Film Materials (VTFM)Guangzhou188 millionACICC Capital's sub-fundBYD, SINOPEC Capital, TBEAN/A
STARFIELDShenzhen100 millionBPrimavera CapitalProfessor Ming Zeng, Sky9 Capital, Joy Capital, Matrix Partners China, Lightspeed China PartnersFoodtech
Laoxiangji (lxichina.com)Hefei 31 millionPre-IPO-Harvest Capital N/A
Moon (Guangzhou) BiotechGuangzhou31 millionCSDIC Capital -Biotech
UWinTechShenzhen28 millionCGL VenturesSIG, Eight RoadsN/A
LinkMOREShanghai24 millionA+B Capital Group Borchid Capital, GGV Capital, Yunqi Partners, BaibuSaas
PersonGen BioTherapeutics (Suzhou)Suzhou* 15 millionBGuotai Guoxin Fund, CICC QidePanyi Bosheng, Huatong Capital Biotech
ZvisionBeijing * 15 millionPre-CXpengShangqi Capital, Dongfeng-BOCOM Auto Fund, Intel Capital Autonomous Driving
Quantinfo Technology Shanghai15 million B-Koala FundFintech
shanghai Immunohead Biotechnology Shenzhen15 million Pre-ALongmen CapitalTiantu CapitalHealthTech
Shanghai Immunohead Biotechnology Shanghai15 million ADelian Capital Yuanlifang Capital, Luojia Fangyuan, Tao Capital Biotech
Manjitech Shanghai15 million AYunqi Partners-Saas
Nanjing Lingtan Zhineng TechnologyNanjing * 1.5 millionAngel -Future Capital CleanTech
UgionShanghai* 1.5 millionAGSR VenturesMilestone Asset Management AR & VR
ccvui.comHangzhou* 1.5 millionA-Forebright CapitalAI and Machine Learning
NCC Nano-Core ChipHangzhou* 1.5 millionPre-A-Xiaomi Changjiang Industry Fund, Lixiang Fund, Sequoia Capital China, Beijing Yuanpei FundNanotechnology
zqalink.comShanghai* 1.5 millionAHyperchain Kaili Yifang Capital, Ivy Capital, Fenbushi CapitalFintech
ECHO AIOTECHBeijing * 1.5 millionA+Baidu VenturesTaiyu Capital, Volcanics VentureHealthTech
Innochip Technology Nanjing -Stratgy -China Mobile Capital, China Mobile Internet 5G
Hotimed Technology Tianjin---Tasly Holding HealthTech

∗ indicates that the company did not provide the specific size of the deal but only a range. So, we adopted the smallest number in the range, which is “10 million yuan ($1.5 million)” in the given example. 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.