China Deal Monitor: Tech firm North Ocean Photonics bags over $14m and more updates

China Deal Monitor: Tech firm North Ocean Photonics bags over $14m and more updates

Chinese photonics technology company North Ocean Photonics has secured ‘hundreds of millions of yuan’ ($14 million) in a Series B round of financing, according to a company statement. The round was led by state-owned financial services firm CMB International, investment management company Oriza Holdings, and Beijing-based Joy Capital.

The latest round also saw the participation of existing investors including global VC firm Walden International, high-tech focused Chenhui Venture Partners, technology-focussed Casstar, Kinzon Capital, Vision Plus Capital, and Linang Group.

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