China Deal Monitor: Xiaomi backs TZAUTO and more updates

Nanjing-headquartered automation technology company TZAUTO said it has raised tens of millions of US dollars in its Series B and B+ round of financing from a group of investors including a Xiomi industrial fund and investment firm Yuantou Capital.

Return backers Haitong and Anxin Capital joined the round.

The Series B+ round also saw the participation of Oriza Holding’s Oriza Hua and Oriza Rivertown, Triniti Capital, Redstone Capital, SDIC, and CMB International, the company announced on WeChat. 

TZAUTO said its valuation has now gone up to hundreds of millions of US dollars.

Its latest funding follows an unspecified equity investment from Haitong New Energy Private Equity Management in April.

Founded in 2016, TZAUTO is a supplier of automation devices and solutions to semiconductor companies. Its prominent clients include Avary Holding, SCC and STATS ChipPAC. 

TZAUTO had bagged capital from Xiamen Semiconductor Investment Group, Yinxinggu Capital, Anxin Capital, Xinwei Capital, Chifortune Venture and Shanghai Capital in 2019.  

CHINA DEAL MONITOR

DealStreetAsia has put together a table listing all prominent venture capital transactions in the Greater China region on June 18 and 19, 2020. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
DataStoryGuangzhou17 millionB+-Chengsong Capital, Ipsos's investment arm Big Data
Mingxun Hi-Tech Material Joint-StockXuancheng* 14 million--Long Capital, Fosun International Limited, Addor Capital, Cowin CapitalN/A
TZAUTONanjing* 14 millionB, B+-Xiaomi Corporation's industrial fund, Yuantou Capital, Haitong New Energy Private Equity Management, Anxin Capital, Oriza Hua, Oriza Rivertown, Triniti Capital, Restone Capital, SDIC, CMB InternationalN/A
BorruidataBeijing14 millionCHaitong Securities' sub-fund, Sunrock Capital's Yangtz River Fund-Big Data
young-more.cnShenzhen* 1.4 millionStrategic Investment-OVCTEK, Netac TechnologyHealthTech
Hangzhou Joinhealth TechnologyHangzhou* 1.4 millionA2-SVB Capital, Sherpa Venture CapitalHealthTech
emakerzoneShenzhen1.4 millionPre-AGalaxy Capital-Internet of Things

*indicates that the company did not provide a specific size of the deal but only a range such as “tens or hundreds of millions (yuan or US dollar).” In such cases, we adopt the smallest number in the range.

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.