China Dealbook: THG leads $6m funding in Rokae; Bizvane, Zoomdu fundraise

U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration

The start-up sector in China is abuzz with funding activities. Rokae, a lightweight industrial robot supplier, has raised $6 million funding led by THG Ventures, while Bizvane, a data technology company, has raised tens of million of RMB as part of Series A financing. Beijing-based travel technology firm Zoomdu has too secured Series A funding.

THG Ventures leads funding in Rokae

Rokae, a Chinese lightweight industrial robot supplier, has raised $6 million in a Series A round of financing led by THG Ventures.

The round also saw participation from Delian Capital, said a CMN report.

Rokae provides industrial robots, industrial robot control system and industrial automation solutions for computer, communication, consumer electronic (3C), auto, textile, food, and medical industries.

Bizvane raises Series A

Bizvane, a Shanghai-based data technology company, has raised tens of million of RMB as part of Series A funding led by Ventech China, with participation from China Creation Ventures.

The current financing will help the company further accelerate the pace of customer development based on the existing retail smart CRM provided by the bank. In addition, it will explore various new business cooperation models with its partners, it said in a statement.

Bizvane is positioned as a SaaS service that provides retail data intelligence to retail enterprises. The current system of the company adopts the big data architecture mode to realize real-time data operation and serve over 200 leading retail brands in different segments.

Tai Zheng Capital invests in Zoomdu

Zoomdu, a Beijing-based travel technology company, has raised tens of millions of RMB as part of Series A funding led by Tai Zheng Capital, and Uniland Private Equity Funds Management, as per a CMN report.

The firm helps users find tour guides by simply typing in destination, time and number of people.

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