China Digest: Crypto e-wallet Coldlar raises $10m Series A; Zebrai gets $4.5m

Shanghai. Photo by zhang kaiyv on Unsplash

Cryptocurrency e-wallet Coldlar has raised $10 million in a Series A round from China Capital Financial Service Chamber of Commerce. Meanwhile, Zebrai, a transport data platform has raised a $4.5 million Series A led by Ally Capital, the China Money Network reported.

Crypto e-wallet Coldlar raised $10m Series A

Coldlar, a cryptocurrency cold wallet, has raised $10 million Series A from China Capital Financial Service Chamber of Commerce.

Coldlar allows a private and safe storage of cryptocurrencies like bitcoin, litecoin, ethereum and many more digital assets.

The private key of Coldlar, which helps send and receive money, is known not to have contact with the Internet, thereby eliminating the risk of theft by hackers.

The cryptocurrency industry has been banned to trade on large exchange tradings which had to stop trading by the end of September 2017. However, trading over the counter continues to function.

China is noted to account for over 35 per cent of Bitcoin trade. China’s ban on Initial Coin Offerings and some players such as Stratis and Zerocoin have accounted for 50 per cent loss.

Transport platform Zebrai raised $4.5m Series A

Hangzhou-based Zebrai, a travel and transportation data platform, has raised a $4.5 million Series A led by Ally Capital.

Others who participated in the round include 9C Capital, a venture capital firm focused on technology, media, telecommunications and the Internet spaces and Shuangliang Group involved in manufacturing conditioner products and other operations.

Zebrai’s core services include driving behavior analysis, user behavior insurance, user travel behavior and POI geographic information analysis.

Also Read:

China’s bitcoin market alive and well as traders defy crackdown

After China, S Korea now bans raising money through initial coin offerings

 

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.