China Deal Monitor: BOCI, BOCOM invest in Emotibot and more updates

Shanghai-headquartered human-robot interaction startup Emotibot Technology Limited on Friday said it has received 200 million yuan ($30 million) in its Series C round of financing led by Bank of China’s Hong Kong-based subsidiary BOC International Holdings. 

Bank of Communications arm BOCOM International Holdings Company participated as a new investor while return backer Lingfeng Capital also joined in the round.

Emotibot will use the funds towards product consolidation, commercialisation and partnership expansion. 

Co-founded in 2015 by Kenny Chien, a Partner Director of Engineering at Microsoft, Emotibot is ramping up efforts to develop emotional AI robots driven by human-computer interaction and natural language technology.  

Emotibot had raised $45 million in its Series B+ funding from V Fund, Puhua Capital, Lingfeng Capital, Zhong An Asset Management and others in 2019. Earlier in 2018, Emotibot had garnered $30 million in its Series B round from CDIB Venture Capital, Cathay Financial Holdings, Ecovacs and Advantech Capital in 2018. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on November 5-6, 2020. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
VIPThinkBeijing180 millionCSoftBank's Vision Fund 2Cai Doingqing's family foundation, New Oriental, DCM, Sinovation Ventures, Enlight Grwoth PartnersEdTech
eSignHangzhou150 millionDShenzhen Capital Group, Evergrande High-Tech Group, Fortune CapitalGrande Flight Investment, Fanchuang Capital, Gobi Partners China, THE CapitalN/A
YuntongxunBeijing125 millionFChina State-Owned Capital Venture Investment FundNeworiental Corporation's industry fund, Mirae Asset,Parantoux Capital, CloudAlphaCloud Computing
Beijing Zhiketong TechnologyBeijing50 millionDVision Plus CapitalAxiom Asia, Sequoia Capital China, Shunwei Capital, Yijing Capital, CYTS Hongqi FundSaas
ZM BiopharmaShanghai35 millionATrinity Innovation FundSDIC Unity Capital, Oceanpine Healthcare Fund, South China Venture Capital, Photon Fund, Yueze CapitalHealthTech
Emotibot TechnologyShanghai30 millionCBOC International HoldingsBOCOM International Holdings Company, Lingfeng CapitalRobotics & Drones
Abogen BiosciencesSuzhou23 millionASDIC Venture CapitalHillhouse Capital, Chengdu Kanghua BiologicalHealthTech
Runzhe EducationLeshan 15 millionStrategic InvestmentZhongdi Asset Management-EdTech
DPTSuzhou* 1.4 millionAngel+ roundYunhao Capital-N/A
ShensaierShenzhen-Strategic Investment-Yingke CapitalN/A
NaruidaZhuhai-Equity Financing-Xingwang InvestmentN/A

∗ 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.