Sequoia Capital China participates in Infervision, Mydadao funding rounds

Photo: Infervision

Sequoia Capital China has reportedly joined the round of AI-led medical image diagnosis firm Infervision, and Beijing-based car sharing platform Mydadao.

Sequoia Capital China joins $47m Infervision follow-on

Infervision, which specialises in AI-led medical image diagnosis solution for cancer treatment, has raised RMB300 million ($47 million) in a Series B+ round from Sequoia Capital China, Qiming Venture Partners and Genesis Capital, the China Money Network reported.

New investors Xianghe Capital Co Ltd and Advantech Capital also participated in the round.

The company raised an RMB120-million ($18-million) Series B round in September 2017 led by Qiming with participation from Sequoia and Genesis. Prior to that, it had raised its Series A round from Sequoia.

The startup has offices in the U.S., Japan, Germany and has operations around China.

Baidu, Sequoia bet on car-sharing platform Mydadao

China’s leading investment firms Baidu Ventures and Sequoia Capital China have participated in the latest funding round of Beijing-based car sharing platform Mydadao, KrAsia reported.

The car-sharing platform, which was founded in late 2017, raised an undisclosed investment from three funding rounds over the past few months.

Baidu Ventures and Sequoia Capital China participated in the first two of these three funding rounds. The third investment round was led by BAI and Volcanics Venture, which focuses on the Internet, healthcare and smart technology space.

The company uses data analysis to make major decisions like selection of cities, management of parking charges and recharging of cars. The firm is led by CEO Liu Hui. It has over 2,000 cars on the roads, with the majority being electric vehicles.

Also Read:

China: AI-focused Baidu Ventures reaches first close of second RMB fund at $317m

Sequoia Capital raises $2b for global fund; tops up India, China growth vehicles

China’s DiDi Chuxing invests in local car service firm Yestock

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.