Industrial information platform Shanghai H VISIONS Technology Co., Ltd has garnered more than 100 million yuan ($14 million) in a Series C round of financing while hot pot brand Banu Maodu Hot Pot Company Limited has closed nearly 100 million yuan ($14 million) strategic investment from Fanqie Capital.
H VISIONS bags over $14m in Series C round
AIoT-driven industrial information platform Shanghai H VISIONS Technology Co., Ltd, has secured more than 100 million yuan ($14 million) in a Series C round of financing led by Hangzhou Oriental Jiafu Asset Management, the private equity investment arm of the state-owned Zhejiang Oriental Financial Holdings Group, per a company statement on Monday.
Existing investor Redpoint China Ventures has also participated in the current round.
Integrated with AI, big data and software-as-a-service (SaaS), H VISIONS has launched three platforms for manufacturing, AI analytics, and industrial IoT software.
The company’s top clients include P&G, Unilever, Gillette, 3M, Saic Motor, Johnson & Johnson, Mengniu, and Yanghe Group.
Recently, H VISIONS joined hands with China Center Information Industry Development, Shanghai Jiao Tong University, and Shanghai Electric unit to create a regional industrial internet platform for Northeast China’s Liaoning province to cater to automobile, metallurgy, mining and machinery sectors.
H VISIONS had earlier garnered approximately 100 million yuan ($14 million) Series B round funding led by Redpoint China Ventures and joined by Qianhai FOF in 2018. In 2016, it had also closed an unspecified Series A round fundraising from Ruiye Capital and SZ-listed electronic product manufacturer Zhongyeda Group.
Hot pot brand Banu raises nearly $14m from Fanqie Capital
Chinese hot pot brand Banu Maodu Hot Pot Company Limited has closed a 100 million yuan ($14 million) strategic investment from Fanqie Capital, a Beijing-based venture capital firm focused on the catering service sector, according to a company statement.
Founded in 2001, the company has evolved the traditional cooking methods by innovative techniques.
Headquartered in Zhengzhou, Banu has an aggregate of 65 restaurants across over 20 cities in the countries such as Beijing, Shanghai, Xi’an, and Suzhou. Besides, Banu has built an R&D centre in Southwest Chongqing, as well as three central factories.
Established in 2018, Fanqie Capital has poured money into over 10 catering companies including A Gan Guo Kui, Xiaomanjiao, Fengmao Kaochuan, Weiyuan Hongfang, among others.