China’s Starquest Capital and Yao Capital have co-lead a $53.5-million investment round into SuperMonkey while YunQuNa logistics company has raised a Series B2 round from hedge fund Coatue Management.
China’a Starquest Capital, Yao Capital co-lead $53.5m investment in SuperMonkey
Chinese private equity firm Orient Hontai Capital also participated in this round. The country’s financial services company Index Capital served as the exclusive financial adviser of the deal.
Founded in June 2014, SuperMonkey serves as a 24-hour self-service fitness brand to provide customers with indoor and outdoor containers.
In 2017, the five-year-old gym operator raised an undisclosed sum in a Series C round led by Jian Sheng Sports Fund to expand its operations nationwide.
It had earlier secured RMB50 million ($7.6 million) in a Series B round from Ventech China, Fosun RZ Capital and Arena Capital.
Founded in 2017, Starquest Capital is a newly established investment firm sponsored by China National Venture Capital Fund and Sequoia Capital, focusing on private equity and fund of funds opportunities with an initial AUM of nearly 30 billion yuan. Meanwhile, Yao Capital is a RMB2 billion ($297 million) investment firm backed by former NBA superstar Yao Ming.
YunQuNa raises Series B2 from hedge fund Coatue Management
Chinese international logistics platform YunQuNa has raised tens of millions U.S. dollar in a Series B2 financing round led by New York-based hedge fund Coatue Management, according to China Money Network.
DCM Ventures, Source Code Capital and China Merchants Innovation Investment, an investment unit of China Merchants Bank, also participated in this round.
This deal follow a Series B1 round raised by the company from Sumitomo Corporation Equity Asia Limited.
YunQuNa offers logistics price inquiry, cargo space booking, customs clearance, logistics tracking, cargo handling and insurance.
Coatue Management is a privately owned hedge fund sponsor. The firm invests in the public equity markets globally focusing on investments in technology, media and telecommunications in addition to other sectors.