China Deal Monitor: Shunwei-backed Sublue nets $17m and more updates

Shunwei Capital-backed underwater-based smart device maker Tianjin Deepinfar Ocean Technology, also known as Sublue, has bagged 120 million yuan ($17 million) in a Series B+ round from new investor Minsheng Securities and existing backers SDIC Unity Capital, TEDA Venture Capital and V Star Capital. 

SDIC, Hidea Investment and Gaolin Capital made an unspecified equity interest investment in Sublue in 2018. Previously, in 2017, Shunwei had partnered with V Star, TEDA, Hongtai Aplus and other investors to collectively inject 110 million yuan ($16 million) in its Series A+ round. 

Founded in 2013 in Tianjin, Sublue produces underwater digital products including autonomous underwater vehicles, remote-operated vehicles, underwater glider, among others. The products cater to a slew of industries such as submarine cleaning and maintenance, rescue, marine research and entertainment. Besides, it develops consumer-based products that are exported to 50 countries and regions.  

Its previous investors also include Everest Venture Capital, Seekdource Investment, Dingxiang Capital, Peakview Capital, among others.

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on July 13, 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).   

  • 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.

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.