Chinese contact lens brand MOODY has raised a total amount of 60 million yuan ($8.5 million) in its angel and Series A round, per a company announcement on Wednesday.
The angel round was led by Hillhouse Capital and joined by returning backer Plum Ventures, while its Series A round was led by Matrix Partners China with the participation of Source Code Capital and Hillhouse Capital.
Palm Capital served as its financial advisor.
Co-founded by former Johnson & Johnson China sales director Biao Cao, MOODY sells contact lens through a host of e-commerce platforms including Alibaba’s TMALL. Launched in January 2020, it claims to have clocked a sales earning amounting to 20 million yuan ($2.8 million).
MOODY is active on Chinese social media platforms such as Weibo, Douyin and Bilibili, and has over 300,000 users.
Prior to its angel and Series A round, MOODY raised its seed funding from Plum Ventures and Yisan Capital.
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DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from June 16 to June 17, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Verticals|
|Geek+/Geek Plus||Beijing||200 million||C2||V Fund||Redview Capital, Vertex Ventures China's Growth Fund||Robotics & Drones|
|Biren Technology||Shanghai||155 million||A||Qiming Venture Partners, IDG Capital, Walden International||Gree Group's investmnt arm, Green Pine Capital Partners, V Fund, China Development Bank Capital's sub-fund, Meridian Capital China, CCI Holdings, Glory Ventures||AI and Machine Learning|
|Qiniu Cloud||Shanghai||141 million||F||-||China Structural Reform Fund Corporation Limited, BOCOM International Holdings Company Limited, Jumbo Sheen Group's investment arm||Cloud Computing|
|Kaishan/volcancraft.com||Shanghai||14 million||B||Genesis Capital||Hillhouse Capital, Source Code Capital||E-commerce|
|MOODY||Shanghai||8.5 million||Angel, A||Hillhouse Capital, MatrixPartners China||Plum Ventures, Source Code Capital, MatrixPartners China||Beauty & Hygiene|