China Deal Monitor: Qianhai FOF invests in Beosin and more updates

China Deal Monitor: Qianhai FOF invests in Beosin and more updates

Blockchain security startup Chengdu LianAn Technology (also known as Beosin) has announced the completion of an undisclosed funding round from Qianhai FOF, a private equity investment fund with $4 billion in assets under management, according to a company statement on Wednesday. 

The current round comes just two months after the company secured tens of millions in a strategic investment from Chinese multinational technology major Lenovo’s investment arm Lenovo Capital & Incubator Group, HK-listed consumer group Fosun International Limited, CV Capital, among others. 

Founded in 2018, Chengdu-based Beosin offers security audit services and has collaborated with over 100 blockchain partners globally, such as Ant Financial-backed Ant blockchain, Celer Network, and the Canadian cryptocurrency exchange company OKEx. 

Earlier in 2018, Beosin had closed two rounds of financing from Ant Capital-backed Vangoo Capital Partners, blockchain technology-focused venture capital Fenbushi Capital and Milestone Venture Capital. 


DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from February 26, 2020. 

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