China Digest: 5G chipmaker Cygnus nets $62m; contact lenses brand moody closes $59m

Source: moody

Chinese chipmaker Cygnus Semiconductor has secured nearly 400 million yuan ($62.0 million) in a pre-Series A round of financing, while disposable contact lenses brand moody has raised a total of about 380 million yuan ($58.9 million) across two rounds.

CDH leads $62m pre-Series A round in Cygnus

Chinese 5G-based Internet of Things (IoT) chipmaker Cygnus Semiconductor has secured nearly 400 million yuan ($62.0 million) in a pre-Series A round of financing led by CDH Venture and Growth Capital (VGC), a unit of China-focused alternative investor CDH Investments.

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