China Deal Monitor: Linctex raises $14m in Series A+ and more updates

Linctex, a Chinese startup that offers 3D technology to the fashion industry, has raised 100 million yuan ($14 million) in a Series A+ round of financing led by the country’s venture capital firm Gaorong Capital.

The round saw the participation of existing investors including Baidu Ventures and Shunwei Capital, said Baidu Ventures in a WeChat post on Wednesday.

Hangzhou-based Vision Plus Capital and new economy-focused Yinxinggu Capital also poured money into the deal. The transaction was completed by the end of 2019.

Shanghai-based Linctex, formally known as Shanghai Linctex Digital Technology Co Ltd, provides small and medium-sized clothing enterprises with 3D fashion design software, online collaborative work systems and supply chain services.

The company booked nearly 200 million yuan ($29 million) in operating income in 2019.

Previously, Linctex closed a Series A round from Baidu Ventures, Vision Plus Capital, and Yinxinggu Capital in December 2018. The firm also received tens of millions of yuan in a Series pre-A round led by Shunwei Capital in November 2017, shows the company website.

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from February 12-14, 2020. 

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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).   

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  • 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. 
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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.