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.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Verticals|
|DataStory||Guangzhou||17 million||B+||-||Chengsong Capital, Ipsos's investment arm||Big Data|
|Mingxun Hi-Tech Material Joint-Stock||Xuancheng||* 14 million||-||-||Long Capital, Fosun International Limited, Addor Capital, Cowin Capital||N/A|
|TZAUTO||Nanjing||* 14 million||B, 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 International||N/A|
|Borruidata||Beijing||14 million||C||Haitong Securities' sub-fund, Sunrock Capital's Yangtz River Fund||-||Big Data|
|young-more.cn||Shenzhen||* 1.4 million||Strategic Investment||-||OVCTEK, Netac Technology||HealthTech|
|Hangzhou Joinhealth Technology||Hangzhou||* 1.4 million||A2||-||SVB Capital, Sherpa Venture Capital||HealthTech|
|emakerzone||Shenzhen||1.4 million||Pre-A||Galaxy 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.