Qiming Venture Partners has led a 150 million yuan ($21 million) Series C round funding in lingerie brand NEIWAI, per a firm filing.
NEIWAI, founded by Xiulu Lu in 2012, started off as a lingerie retail brand before diversifying its product base to cover categories such as loungewear, sportswear, and other lifestyle goods.
The brand targets to have 80 stores by the end of this year. It is planning to open its first oversee flagship store in San Francisco. NEIWAI has partnered New York-based luxury lingerie store Journelle, in its first global collaboration.
CHINA DEAL MONITOR
Among the largest deals in the table, Tianjin-based healthcare firm Fountain Medical has secured 438 million yuan ($62 million) in its Series D round led by Goldman Sachs and joined by Lilly Asia Ventures. And, Suzhou-based Kintor Pharmaceutical Limited received 319 million yuan ($45 million) in a new round led by Shanghai Free Trade Zone Fund.
Healthcare and related technologies continued to snag investments with Fountain Medical, Kintor Pharmaceutical Limited and Ankuo Medical raising fresh rounds.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Fountain Medical||Tianjin||62 million||D||Goldman Sachs||Lilly Asia Ventures||Health Tech|
|Kintor Pharmaceutical Limited||Suzhou||45 million||-||Shanghai Free Trade Zone Fund||Zhuhai Huajin Capital Co.,Ltd, CF Capital, Highlight Capital||Health Tech|
|NEIWAI||Shanghai||21 million||C||Qiming Venture Partners||-||Consumer & Brands
|Ankuo Medical||Shanghai||15 million||A1||Matrix Partners China, BioTrack Capital||CASH Capital||Health Tech|
|SMARTBI Technology||Guangzhou||14 million||B||Gaocheng Capital||Ambrum Capital||Software & Service|
|TripGuru||Hong Kong||-||Strategic Investment||Catalyst Ventures||E-Commerce & Internet Economy|