Smart computer vision-driven company SmartMore Technology Co., Ltd on Monday announced that it has closed ‘tens of millions of US dollars’ in its pre-A round of financing led by existing investor IDG Capital.
The round was joined by Lenovo Capital and ZhenFund, the company announced on WeChat.
IDG Capital had infused millions of yuan in SmartMore’s angel round earlier in January 2020.
SmartMore, co-founded by the Chinese University of Hong Kong’s professor and former Tencent scientist Jiaya Jia in December 2019, claims to serve the sectors of semiconductors, electronics, electronic vehicles and video industries.
Headquartered in Shenzhen, SmartMore has set up offices in Hong Kong and Shanghai.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out prominent venture capital transactions in the Greater China region on June 29, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Verticals|
|Zuoyebang||Beijing||750 million||E||Tiger Global Management, FoutainVest Partners||Qatar Investment Authority, SoftBank Vision Fund, Sequoia Capital China, Tiantu Capital, Xiang He Capital||EdTech|
|Aipark||Beijing||42 million||C||Gaorong Capital||Zhongguancun Science City, Changshang Kunzhong||AI and Machine Learning|
|4dshoetech Hong Kong Limited||Dongguan||14 million||A+||CMC Capital||-||Saas|
|SmartMore||Shenzhen||* 10 million||Pre-A||IDG Capital||Lenovo Capital, ZhenFund||AI and Machine Learning|
|PerfMa||Hangzhou||* 1.4 million||A+||Vision Knight Capital||-||Cloud Computing|