China’s Huake Chuangzhi, a company specializing in silver nanowire, has secured 100 million yuan ($14 million) in a Series C funding round from Greater Bay Area Homeland Development Fund (Great Bay Area Fund), according to a company statement.
The corpus will help the Shenzhen-headquartered company to spruce up its R&D of technology of silver nanowires, develop silver nanowire capacitive screens, CPI films, and foldable touch modules, among others.
Established in 2014, Huake has so far closed a total of 5 funding rounds from investors including Shenzhen Venture Capital, Guoke Ruihua, and Great Bay Area Fund.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from January 9, 2020.
The largest deal was that of Nice Tuan, a Chinese community e-commerce platform also known as Shihuituan, that has raised $88.3 million in a new funding round from Alibaba, ZhenFund, Qiming Venture Partners, China Growth Capital, Joy Capital and INCE Capital.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Nice Tuan/Shihuituan||Beijing||88.3 million||-||-||Joy Capital, INCE Capital, Qiming Venture Partners, Alibaba Group, ZhenFund, China Growth Capital||E-Commerce & Internet Economy|
|Adagene||Suzhou||69 million||D||General Atlantic||-||Health Tech|
|Huake Tek||Shenzhen||14 million||C||Greater Bay Area Homeland Development Fund||-||IoT|
|Yesmro||Shanghai||* 1 million||A+||Future Capital||MatrixPartners China, Panlin Capital||E-Commerce & Internet Economy|
* 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.