China Deal Monitor: Boohee closes Series C round and more updates

Health management platform Boohee announced the completion of an undisclosed Series C round from Chinese conglomerate Fosun International. 

Other investors include DCM, Qualcomm Ventures, Morningside Venture Capital and Zero2IPO Capital. 

Shanghai-based Boohee has a food database, app, and a WeChat mini programme and claims to have served 80,000 users. 

Boohee also offers healthy and affordable food products covering breakfast, lunch, dinner, among others. It has so far launched three brands, Easy Fun, Easy Ace and Easy Fan.

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on April 27, 2020. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
YunyingguShenzhen28 millionC, C+Qiming Venture PartnersXiaomi Corporation, Qualcomm, AVC Fund Management, Northern Light Venture CapitalHardware
WangbaobaoHangzhou14 millionB-Vertex Ventures ChinaConsumer & Brands
HexFutureBeijing4 millionAAlbatross VentureBE Capital, Flyfot Ventures, Xueda EducationEd Tech
Inforefiner TechnologyBeijing* 1.4 million--PCITECH, Huacheng Venture PartnersAI/Robotics
BooheeShanghai-CFosun International-Health Tech
HighthinkmedBeijing-B--Health Tech

∗ indicates that the company did not provide the specific size of the deal but only a range. So, we adopt the smallest number in the range, which is “10 million yuan ($1.4 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.