China Deal Monitor: Sinovation leads $30m in Deltaphone and more updates

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. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
3DMed DiagnosticShanghai224 millionEquity FinancingCPECICC Capital, Jeminicare, Tsing Song Capital, Spinnotec, Haier Biomedical, Ruiyi Investment, LanShang CapitalHealthTech
Dingdang KuaiyaoBeijing150 millionB+-Taikang Insurance Group, Haier Biomedical, Longmen Investment, SBCVC, CMB International Corporation, Sinopharm-CICC HealthTech
Deltaphone Beijing30 millionA+Sinovation VenturesChina Merchants Capital, Cash Capital, Puhua Capital, Yunqi CapitalInternet of Things
PicocomHangzhou* 14 millionA-Vertex Ventures China, CTC CapitalN/A
Zhege Zhaofang Beijing14 millionC2--Real Estate Tech
Jiangsu Jianan Supply Chain Suqian14 millionAFortune Capital-AgTech
Cool CollegeBeijing14 millionA+Qiming Venture Partners, Yunqi PartnersVision Knight Capital, Toutou Shidao FundSaas
QuickDecisionGuangzhou12 millionBMatrixPartners ChinaSiE, MAD.WorksSaas
HemoWeihai* 10 millionBHillhouse CapitalLegend CAPITAL, 3H HealthHealthTech
AsinkingShenzhen10 millionAShunwei CapitalBlue Lake CapitalSaas
Taste LabShanghai1.4 millionAngel-Panda CapitalE-commerce
XtransferShanghai-C1Telstra VenturesMindWorks VentureFintech

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.