Beijing-headquartered industrial internet services developer Deltaphone has raised 200 million yuan ($30 million) in a Series A+ round of financing led by Sinovation Ventures.
With this, Deltaphone has raised a total of $45 million in 2020, according to a company statement. Sinovation Ventures, China Merchants Capital and Yunqi Capital had together invested 80 million yuan ($16 million) in Deltaphone in June this year.
The fresh round was joined by state-owned China Merchants Capital and Cash Capital, besides Puhua Capital. Existing backer Yunqi Capital re-invested in the fresh round.
Deltaphone will deploy the proceeds towards product innovation and business development.
Founded by CEO Qingjie Wang in 2015, Deltaphone enables digital transformation for enterprises in the energy and power, petrochemical, tobacco and manufacturing sectors.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on October 19-20, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Verticals|
|3DMed Diagnostic||Shanghai||224 million||Equity Financing||CPE||CICC Capital, Jeminicare, Tsing Song Capital, Spinnotec, Haier Biomedical, Ruiyi Investment, LanShang Capital||HealthTech|
|Dingdang Kuaiyao||Beijing||150 million||B+||-||Taikang Insurance Group, Haier Biomedical, Longmen Investment, SBCVC, CMB International Corporation, Sinopharm-CICC||HealthTech|
|Deltaphone||Beijing||30 million||A+||Sinovation Ventures||China Merchants Capital, Cash Capital, Puhua Capital, Yunqi Capital||Internet of Things|
|Picocom||Hangzhou||* 14 million||A||-||Vertex Ventures China, CTC Capital||N/A|
|Zhege Zhaofang||Beijing||14 million||C2||-||-||Real Estate Tech|
|Jiangsu Jianan Supply Chain||Suqian||14 million||A||Fortune Capital||-||AgTech|
|Cool College||Beijing||14 million||A+||Qiming Venture Partners, Yunqi Partners||Vision Knight Capital, Toutou Shidao Fund||Saas|
|QuickDecision||Guangzhou||12 million||B||MatrixPartners China||SiE, MAD.Works||Saas|
|Hemo||Weihai||* 10 million||B||Hillhouse Capital||Legend CAPITAL, 3H Health||HealthTech|
|Asinking||Shenzhen||10 million||A||Shunwei Capital||Blue Lake Capital||Saas|
|Taste Lab||Shanghai||1.4 million||Angel||-||Panda Capital||E-commerce|
|Xtransfer||Shanghai||-||C1||Telstra Ventures||MindWorks Venture||Fintech|