Plum Ventures has led a pre-IPO round in Chinese drones developer MicroMultiCopter and invested in Crazybee Fitness’s pre-series A while CollegeDaily.cn has secured funding from Tencent, China Media Capital and HG Capital. Deals were reported by China Money Network.
Plum Ventures invests in two startups
Crazybee Fitness, based in Guangzhou, provides fitness facilities and class activities by targeting at young people. Plum Ventures was set up to encourage young people to become entrepreneurs. According to Crunchbase, the VC firm has invested in nine startups including Bangalore-based e-commerce app Krazybee.
Big investors join CollegeDaily’s series A
The website is a Beijing-based platform that provides news and information to Chinese students in abroad.
Founded in 2009, China Media Capital focuses on investments in cultural, technology, media, entertainment, consumer, medical treatment, and telecommunication sectors. It has led series C rounds in LingoChamp and Gaosi Education Group, which were announced earlier this year.