Chinese spatial data player Airlook has raised 100 million yuan ($14 million) in its Series B+ round of financing led by GF Qianhe, an investment arm of the HK-listed and Shenzhen-listed GF Securities, per a company statement.
Existing investors Baidu Ventures, Ivy Capital and GGV Capital also joined the funding round.
Airlook, a three-dimensional map provider, specializes in aeronautical data collection and analysis. Established in 2015, Airlook has navigated drone-related technologies and developed two flagship platforms, DataEarth and DataMaker.
Airlook is active in the transportation, security, ecosystem and emergency management industries.
It will use the proceeds to expand its data collection and consolidate the technology and product capacity.
GGV Capital led the company’s 50 million yuan ($7 million) Series B round funding in 2018 with the participation of BV. In 2017, BV had also joined its Series A+ round of financing.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on January 16, 2020.
A noteworthy deal is Chinese education services provider Wanxue Education raising $100 million in a Series D round of financing led by Asian private equity firm ADV Partners.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Wanxue Education||Beijing||100 million||D||ADV Partners||-||Ed Tech|
|Airlook||Beijing||14 million||B+||GF Qianhe||Baidu Ventures, Ivy Capital, GGV Capital||AI & Robotics|
|Hzymes Biotechnology||Wuhan||7 million||A||Tianhui Capital||SM Capital, Optics Valley Financial||Health Tech|
|Shenzhen Elite Intelligent Technology||Shenzhen||*1 million||Pre-A||Co-power Investment||Aistar Ventures, China Merchants Group affiliate capital||AI & Robotics|
* indicates that the company did not provide the specific size of the deal but only a range, such as “hundred millions of yuan.” In this case, we adopt the smallest number in the range, which is “100 million yuan ($14 million)” in the given example.