Qualcomm Ventures has led a Series B+ round in Chinese 5G solutions provider Baicells while CDH Investments has lead a Series A+ Round in iSpace.
Qualcomm Ventures leads series B+ round in Baicells
Qualcomm Ventures, the investment arm of US chip-maker Qualcomm Inc, has led a RMB100 million ($14.55 million) Series B+ round in Baicells Technologies Co., a disruptive Chinese 5G solutions provider, China Money Network reported.
The investment in Baicells is for further development of 5G technologies for Qualcomm, the chip-maker said in an announcement on December 24.
“Qualcomm’s investment and increased collaboration will only help bring Baicells’ 5G technology to the next level” said Lixin Sun, founder and CEO of Baicells Technologies.
Baicells is a privately-held, high tech company providing disruptively-priced and technically innovative LTE wireless broadband access solutions, supporting fixed wireless, and mobile small cells.
CDH leads Series A+ Round in iSpace
Beijing-based alternative investment firm CDH Investments has led a Series A+ Round in China’s private aerospace company iSpace, China Money Network reported.
Matrix Partners China and Galaxy Holding Group also participated in the round. The exact amount of this particular round was not disclosed.
After the round, the total investment in iSpace amounts to over RMB700 million ($101.86 million).
DEALSTREETASIA earlier reported that buyout firm CDH Investments has mopped up over $1 billion in commitments for its sixth China fund that aims to make investments in consumer, healthcare, financial services and other growth sectors.
The fund, which has a hard cap of $2.5 billion, is expected to make a final close by the second quarter next year, an industry source aware of the development told this portal. It was launched late last year.