China Deal Monitor: Xunshi raises $14m in Series B and more updates

Zhejiang Xunshi Technology Co., Ltd has raised 100 million yuan ($14 million) in its Series B round of financing led by CD Capital and Marathon Venture Partners. 

The Shaoxing-based technology company, established in 2013, provides high-tech 3D printing solutions to clients in manufacturing, healthcare and consumption sectors. Xunshi Technology has also marked its foray into dental digitalization. Its 3D dental printer, MoonRay 3D, has become a popular application in the United States. 

With this round, the company aims to upgrade its 3D printers and offer advanced technology to more dentists. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region during October 29-30, 2019.

Among the largest deals in the table, Danke Apartment, a Chinese online residential rental marketplace backed by Ant Financial, has raised up to $100 million in its Series D round of financing from Shanghai-based investment company China Media Capital and China’s Primavera Capital. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
Danke ApartmentBeijing190 million DChina Media Capital, Primavera CapitalShared Economy
TikinMediaBeijing-BTencentSCG Capital, Maoyan Entertainment, iVision Ventures, CCV Capital, Ares Management, Lan Fund, Bojiang Capital Management Group, IDGMedia & Entertainment
91jinrong.comBeijing14 million -China Growth CapitalFintech
Zhejiang Xunshi TechnologyShaoxing14 million BCD Capital, Marathon Venture PartnersSoftware & Service
Linking MedBeijing6 millionA+Grains Valley Venture CapitalTianjin Binhai VC Investment Management, Linear VentureHealth Tech
MOVE VIHangzhou* 1 millionAngelJoy CapitalHealth Tech

* indicates that the company did not provide the specific size of the deal but only a range, such as “tens of millions of yuan.” In this case, we adopt the smallest number in the range, which should be “10 million yuan ($1 million)” in the example.

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.