Hotel industry information platform Hotel Hangzhou GreenCloud Tech Co., Ltd has garnered approximately 100 million yuan ($14 million) in its Series B+ round of financing from China Merchants Bank and online travel service giant Trip.com Group’s unit Shanghai Kehui Investment, the company announced on its WeChat account on Friday.
GreenCloud’s integrated ecosystem offers property management system, Oracle hospitality (Opera PMS), data service and e-commerce platforms.
Established in 2010, GreenCloud claims to have served over 18,000 hotels including Metropolo, Narada Hotel Group, Podinns, Shenzhen CYTS Shanshui Hotel, among others.
GreenCloud is stepping up efforts in the culture tourism front. It has built partnerships with a slew of attractions such as Hengdian World Studios, Tianmu Lake Tour and Lake Songhua Resort.
In 2018, GreenCloud raised 180 million yuan ($25 million) in its Series B round of funding from Cowin Capital. Besides, China Zheshang Bank along with other investors such as Marco Vision Capital and Leading Capital had poured 80 million yuan ($12 million) in GreenCloud’s Series A round of financing in 2016.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from May 21-22, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Verticals|
|Hangzhou Meichuang Technology||Hangzhou||21 million||-||CBC Capital, Sharewin Capital||Cybernaut Investment Group, Yu Yue Medical, Oriental Fortune Capital||Big Data|
|Hangzhou GreenCloud Tech||Hangzhou||14 million||B+||-||Shanghai Kehui Investment, China Merchants Bank||Cloud Computing|
|Zhaoshicai||Suzhou||11 million||A, A+||-||Qingsong Fund, 01VC||Industrials|
|Sonmol||Shanghai||* 1.4 million||Strategic Investment||Aptar||-||Medical Devices & Equipment|
|Unitree Robotics||Hangzhou||-||Pre-A+||Chuxin Capital||Sequoia Capital China||Robotics & Drones|
|Leqee||Dongguan||-||Equity Investment||CMC Capital Partners||-||E-commerce|
∗ 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.