China Digest: Kintor Pharma, CalmCar, MLog, Yida Media raise funding

REUTERS/Petar Kujundzic

Five Chinese startups have raised a total of $81.6 million from venture capital and private equity companies in China, according to a China Money Network report.

Kintor Pharmaceuticals raises $44 million Series C

Chinese pharmaceutical research company Suzhou Kintor Pharmaceutical Inc has raised $44 million in a Series C funding round led by Shenzhen Green Pine Capital Partners.

Oriza Holdings, HighLight Capital, CCB International Healthcare Equity Investment Fund, Broad Resources, and Orient Securities Asset Management also participated in the round.

Kintor focuses on developing anti-androgen receptors medication, CETP inhibitors for cardiovascular disease, and kinase inhibitors for the treatment of solid tumours in liver and ovaries, among others.

CalmCar Vehicle Vision secures $4.6 million pre-A

CalmCar Vehicle Vision, a Chinese intelligent driving vision system provider, has raised $4.6 million from National Small and Medium-size Enterprises Development Fund in its pre-A fundraising round.

The startup specializes in developing intelligent vision systems for ADAS, autopilot and autonomous driving with functions of Lane Departure Warning (LDW), Front Collision Warning (FCW), Pedestrian Collision Warning(PCW), Blind Spot Detection (BSD) and Traffic Sign Recognition (TSR).

Dongfang Hongdao, Lan Fund co-lead MLog’s $18-million Series B

Chinese commercial weather service company MLog Tianqijia has raised $18 million in a Series B round co-led by Dongfang Hongdao Capital and Lan Fund.

The funding round also saw the participation of PICC Capital, Zhencheng Capital, and Weiran (Shanghai) Investment Consulting Co.

MLog Tianqijia uses Big Data to provide users with customized meteorological services and industry solutions to reduce losses caused by the weather and climate.

Yida Media secures $15 million Series A

Shaanxi province-based film production company Yida Media raised $15 million in a Series A funding round led by China Merchants Securities Zhiyuan Capital.

Beijing Hualian Group and Shenzhen Fuersitai Investment Partners Co also participated in the funding round.

Also Read:

China Digest: Tsign, HUAZHI, 4K Garden, Weacar, Fit-Start raise funds

China Digest: Healthcare platform Shequ580 and tech startup Surestar raise funds

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.