Chinese venture capital and private equity firms continue to invest in China’s startups. China Money Network reports about the Series B fundraising of Rimag and Vertex Asia.
Baidu Venture leads $64m Series B in Rimag
Baidu Venture Capital, the early-stage investment unit of Baidu Inc, has led a group of investors in raising $64 million for the Series B funding round of Rimag, a Shenzhen-based medical imaging service provider.
Rimag’s latest fundraising round was also participated by Neovision Capital, Goldman Sachs China, Huayu Rongchuang, Beijing Huaxin Century Investment Group Co, and Zeyue Capital.
Headquartered in Shenzhen, Rimag specializes in medical imaging center operation, relevant cloud technology development, and talent training.
Vertex Asia Fund backs MashaMa’s $40m fundraising
Vertex Asia Fund, founded in 2011, is a Singapore-based family of funds investing in early state companies around the world.
MashaMa is owned by Chinese fashion designer Masha Ma, whose collections have been featured in leading publications abroad, including Vogue, Elle,, Harper’s Bazaar, Pop, French Playboy, Cosmopolitan, and L’Officiel.
Her designs are known for their futuristic, feminine characteristics, minimalism, use of color while, and industrial and nature influences, among others.
DEALSTREETASIA will update these developments as soon as Baidu Venture Capital, Rimag, and Vertex Asia issue official statements about the latest funding rounds.