China Deal Monitor: Sequoia leads Series B in Buffalo Lab and more updates

AIoT-driven circuit chips developer Buffalo Lab has raised tens of millions of dollars in a Series B round funding led by Sequoia Capital China, according to a company statement on Thursday. 

Qiming Venture Partners, China Growth Capital and MFund also participated in the current round. 

Buffalo Lab is committed to offering smart ultra-low power and intelligent system-on-a-chip. Its products cater to smart home, smart city, smart manufacturing, smart robotics, smart telecom device and automobile sectors. Additionally, it also offers AIoT-based services such as face recognition, speech recognition, and multi-sensor fusion.

The company’s top clients include Apple, Google, Samsung, Huawei, Microsoft and Sony.

Buffalo will look at market expansion strategies and also speed up R&D efforts.

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from March 4-5, 2020. 

Topping the list is Beike Zhaofang, a Chinese real-estate brokerage platform also known as Ke.com, which has garnered $2.414 billion in a Series D+ round of financing from a battery of marquee investors including SoftBank, Tencent, Hillhouse Capital and Sequoia Capital China.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
Beike Zhaofang / Ke.comTianjin2.41 billionD+-SoftBank, Tencent, Hillhouse Capital, Sequoia Capital ChinaReal Estate Tech
TELDQingdao195 millionAChina Chengtong Holding Group, China Reform Financial Network, CDH Investments

Venus Growth Company Limited, Guangzhou Xinye Investments, Shenzhen Gaopeng Venture Partners, Qingdao Henghuitai Industrial Development Fund, Zhongchuang Yongte (Foshan) Investments Qingdao Jinyang Investments, Qingdao Honghu Investments
Automotive
TemiShenzhen20 million-Joy CapitalFengHe GroupAI/Robotics
WaytousQingdao14 millionA2Cathay CapitalHaichuang Qianfeng, Sigma Square Capital, Hina GroupAutomotive
Icegend.comShanghai14 million---Hardware
Buffalo LabShanghai* 10 millionBSequoia Capital ChinaQiming Venture Partners, China Growth Capital, MFundIoT
Beijing Heye TechnologyBeijing* 1.4 millionA--Fintech
RealAIBeijing* 1.4 million-Green Pine Capital Partners-AI/Robotics
Teaplus MouthwashShanghai* 1.4 millionASinotextiles Corporation Limited-Consumer & Brands

* 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.

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.