China Digest: Clobotics raises $10m; 4inLook nets $28m in two tranches

Closeup photo of white robot arm. Source: Franck V./Unsplash

Clobotics has raised $10 million in a pre-Series B plus round from Tiger Management Fund, while China’s color contact lens e-commerce company 4inLook has raised as much as $28 million in two tranches.

Computer vision developer Clobotics closes $10m funding

Clobotics, a computer vision technology developer headquartered in Seattle and Shanghai, raised $10 million in a pre-Series B plus round from Tiger Management Fund, per an announcement.

The funding takes the total capital raised by the startup to $53 million.

Clobotics, established in November 2016, has branch offices in Singapore, Beijing, and northeastern China’s Dalian city.

The company currently serves corporate clients in the retail and wind power industries, including Coca-Cola, global wind turbine maintenance services provider GEV Wind Power, Ohio-based consumer goods corporation Procter & Gamble, and American retail giant Walmart.

It recorded nearly 100 million yuan ($14 million) in revenue in 2019, according to the statement it released.

In August 2019, Clobotics closed $22 million in a Series pre-B round led by Chinese private equity firm CMC Capital, and Taiwan-based venture capital firm CDIB Capital Group. Global venture capital firm GGV Capital, Beijing-based fund manager Capital Development Investment Fund (CDI Fund), and CDIB & Partner Investment Holding Corp also participated in the previous round.

The company received $11 million in a Series A round in August 2018. It was backed by GGV Capital, CDI Fund, China’s Nantian Infotech VC, and Shenzhen-listed Wangsu, which offers content delivery network and internet data centre service, among others.

Color contact lens provider 4inLook nets $28m

China’s color contact lens e-commerce company 4inLook has raised as much as 200 million yuan ($28 million) in its two tranches with the participation of Tiger Club Capital (Hong Kong), Highlight Capital, and TS Capital, a private equity spun off from Legend Capital, per a company statement.

Managed by Shanghai Shihuli Trading Co.,Ltd, 4inLook is a business-to-customer (B2C) platform focused on color contact lens products. It also offers cross-border e-commerce services that specialize in the lens importation from Japan and Korea.

4inLook, founded in 2008, has attracted over 6 million active users whose ages range from 18 to 30. It has chain stores in Beijing, Shanghai, Shenzhen, Taipei, Seoul, and Tokyo.  

Going forward, the corpus raised will help 4inLook to spruce up its management on branding, supply chain, customer service, product and operation. 

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.