China Deal Monitor: Hillhouse, Matrix Partners back MOODY and more updates

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.

CHINA DEAL MONITOR

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. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
Geek+/Geek PlusBeijing200 millionC2V FundRedview Capital, Vertex Ventures China's Growth FundRobotics & Drones
Biren TechnologyShanghai155 millionAQiming Venture Partners, IDG Capital, Walden InternationalGree Group's investmnt arm, Green Pine Capital Partners, V Fund, China Development Bank Capital's sub-fund,  Meridian Capital China, CCI Holdings, Glory VenturesAI and Machine Learning
Qiniu CloudShanghai141 millionF-China Structural Reform Fund Corporation Limited, BOCOM International Holdings Company Limited, Jumbo Sheen Group's investment armCloud Computing
Kaishan/volcancraft.comShanghai14 millionBGenesis CapitalHillhouse Capital, Source Code CapitalE-commerce
MOODYShanghai8.5 millionAngel, AHillhouse Capital, MatrixPartners ChinaPlum Ventures, Source Code Capital, MatrixPartners ChinaBeauty & Hygiene

 

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.