China Digest: Low Carbon Environment bags $37m; NASN raises $60m

Pufa Tower in Shanghai, China.

Chinese waste disposal company, Low Carbon Environment, has raised $37 million in a Series A round while automotive electronics maker  NASN has completed fundraising for its Series B round at $59.61 million.

China’s waste disposal startup Low Carbon Environment raises $37m

Low Carbon Environment, a waste disposal startup from China has raised RMB250 million ($37.06 million) in a Series A round of financing from U.S.-China Green Fund, and AVIC Trust, an investment arm of AVIC Capital Company, according to the China Money Network.

US-China Green Fund is a green equity fund that promotes green development in China through cross-border collaborations such as in finance, green technology and business models. The fund has made investments in a number of Chinese companies in green consumption, green mobility, green energy and green manufacturing.

China’s self-drive car-maker NASN raises $60m

Shanghai-based automotive electronics maker NASN has completed its Series B round by raising RMB400 million ($59.61 million) led by Matrix Partners China, the China Money Network reported.

Others participating in the round include Chinese venture capital firm, Qiming Venture Partners, and GP Capital.

Matrix Partners China has made hundreds of investments since inception in 1977 while Qiming Venture Partners closed three new funds totaling $1.39 billion last year.

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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.