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.