Knowbox has secured $30 million in a Series B+ round led by Bertelsmann Asia Investments. Horizons Ventures has led a Series A round in Chinese AI-based fintech startup MioTech.
Knowbox secures $30m Series B+
Founded in 2014, Knowbox is an education mobile app that helps students with their homework and assists teachers to better manage students’ homework.
It previously received a $1-million seed funding from Legend Star in 2014 and a $10-million Series A round from TAL Education Group and Liu Qiangdong. Prior to this latest round, it secured $15 million in a Series B round from Beijing- and Hong-Kong-based investment firm Genesis Capital in November last year.
Horizons Ventures leads $7m Series A in MioTech
MioTech, an artificial intelligence software developer for financial institutions, has closed a $7-million Series A round led by Horizons Ventures and joined by ZhenFund and investors in Hong Kong and China.
The new capital will be used to invest in research and development, hire new talent and expand its business across the Asia Pacific region, according to the company’s announcement.
MioTech has developed a graph database that allows investment managers to integrate all information to form a complete knowledge map as well as the AI technology that helps financial institutions improve data processing capacity substantially.
“MioTech’s ability to capture, aggregate and dissect the data helps the asset managers and financial advisors to have deeper insights in serving their clients,” said Frances Kang from Horizons Ventures. “We believe that MioTech fits well with our portfolios of Fintech and Insurtech companies.”
Horizons Ventures is the private investment arm of Li Ka-shing, a well-known investor in the world’s disruptive technologies and innovative companies including Facebook, Waze, Spotify, Siri, DeepMind, Improbable, and Blockstream.