<article>China-based startup companies <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=yimidida" target="_blank">Yimidida</a>, and <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=GrandOmics" target="_blank">GrandOmics</a> each raised $14 million in separate funding rounds.</article>

China-based startup companies <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=yimidida" target="_blank">Yimidida</a>, and <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=GrandOmics" target="_blank">GrandOmics</a> each raised $14 million in separate funding rounds.
<h3 style="text-align: justify;">Yimidida raises $14m in Series A+ round led by Cathay Capital</h3>
Yimidida, an online logistics platform utilising crowd sourcing tools, raised up to $14 million (RMB100 million) in a Series A+ Round led by Sino-French investment firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Cathay+Capital+Private+++Equity" target="_blank">Cathay Capital Private Equity</a>.
Existing investors Source Code Capital and global logistics giant GLP also participated in the round, the China Money Network reported.
Yimidida provides crowd-sourced delivery services in China&#8217;s small counties and villages.
Founded in 2015, Yimidida is among many startups that are trying to bridge the gap in logistics services with its rising demand in China. The growing e-commerce market in China&#8217;s rural regions is now pegged at RMB647 billion.
According to Yimidida founder Yang Xingyun, they aim to become an integrated logistics platform in five years. The startup claims to have covered around 70 per cent of country areas or 1,600 delivery locations in rural regions.
Yimidida raised an undisclosed series A funding round led by GLP, supported also by Source Code Capital three months ago.
Also Read: <a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/chinas-best-logistics-raises-760m-from-citic-alibaba-and-others-52810/" target="_blank">China’s Best Logistics raises $760m from CITIC, Alibaba and others</a>
<h3 style="text-align: justify;">Genetic testing startup GrandOmics gets $14m led by Matrix, SAIF</h3>
Beijing-based biomedical and genetic testing startup GrandOmics raised $14 million in a Series A round led by <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Matrix+Partners+++China" target="_blank">Matrix Partners China</a>, and <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=SAIF" target="_blank">SAIF Partners</a>.
Zero2IPO Ventures also participated in this round, China Money Network reported.
GrandOmics will use the latest investment for team expansion, the application of the third-generation gene sequencing technology, and to boost research and development.
The startup operates under two brands, NextOmics and GrandOmics, catering to scientific researchers, and clinic users respectively.
Co-founded in 2015 by genetic R&amp;D veterans Wang Depeng Wang and Wang Kai, GrandOmics seeks to build a platform in Beijing to develop third-generation sequencing technology and its first overseas R&amp;D lab in US.
GrandOmics aims to produce one-stop big data solutions that will enable medical professionals to improve accuracy and detection rate of genetic diseases testing.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/roche-eyes-acquisition-of-pacific-biosciences-sources-29499/" target="_blank">Roche plans to acquire gene-sequencing firm Pacific Biosciences</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/chinese-vc-lilly-asia-leads-20m-series-round-genetic-testing-firm-singlera-51419/" target="_blank">Chinese VC Lilly Asia leads $20m Series A round in genetic testing firm Singlera</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/carlyle-to-focus-asia-real-estate-investment-on-china-logistics-50845/" target="_blank">Carlyle to focus its Asia real estate investment on logistics, office space in China</a>

China-based startup companies Yimidida, and GrandOmics each raised $14 million in separate funding rounds. 

China Digest: Startups Yimidida, GrandOmics raise $14m each

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

China Digest: Startups Yimidida, GrandOmics raise $14m each

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief