China Digest: b-ONE bags over $14m; Fintech firm KnowLeGene snags $14m

Photographer: SeongJoon Cho/Bloomberg

Orthopedic healthcare solution developer b-ONE has secured over 100 million yuan ($14 million) in a new round funding led by Wuxi Municipal government-backed Taihu Fund, and AI-driven industrial fintech company KnowLeGene has raised 100 million yuan ($14 million) in a Series B round of financing led by JC Capital.

b-ONE raises over $14m in a new round

b-ONE Ortho Corp, an orthopedic healthcare solution developer, has garnered over 100 million yuan ($14 million) in a new round funding led by Wuxi Municipal government-backed Taihu Fund.  F-Prime Capital and existing investor Eight Roads joined the round, according to a company statement. 

Founded in 2015, b-ONE specializes in developing innovative orthopedic healthcare solutions to restore motion and improve surgical outcomes.

The USFDA approved its propriety product, MOBIO, in October 2018 while, in August last year, its JUVENO solution got approval. 

Headquartered in New Jersey and Shanghai, b-ONE has also set up offices in Bristol, Beijing and Suzhou. 

b-ONE will invest in market expansion and work on its product pipeline. In 2018, b-ONE had closed an undisclosed round of financing from Eight Roads. 

KnowLeGene snags $14m in Series B round

AI-driven industrial financial technology company KnowLeGene has raised 100 million yuan ($14 million) in a Series B round of financing led by Beijing-based JC Capital, per a company statement. 

The government of Hebei province backed China Zhongji Investment and existing investors Lingfeng Capital have also participated in the current round. InvesTarget, a cross-border investment bank, acted as financial advisor for the deal.  

KnowLeGene has tied up with the University of Chinese Academy of Sciences to build an AI laboratory. It develops smart solutions to cater to sectors including supply chain, risk control, sales & marketing, among others.

Proceeds will be used to accelerate product enhancements, customer relations management and business development. 

 

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.