China Digest: Jianan Nongmu, Ruiyun in funding news

Jianan Nongmu has garnered $30 million in its Series B round led by Chinese venture capital firm Orchid Asia. In a separate development, Ruiyun Cold Chain has secured 120 million yuan ($18 million) in an angel round.

Orchid leads $30m funding in Jianan Nongmu

Jianan Nongmu, a digital supply chain operator for agriculture and animal husbandry products, said on Wednesday that it has garnered a corpus of $30 million in its Series B round led by venture capital firm Orchid Asia with the participation of Eight Roads Ventures.

The company’s returning investor Fortune Capital made a follow-on investment. Shanghai Yuanfu Investment Management facilitated the transaction, the investee said in a WeChat post.

Fortune Capital, China Huarong and Xinzhi Investment had collectively poured in nearly 100 million yuan ($15 million) in Jianan Nongmu’s Series A round in October 2020.

Located at East China’s Jiangsu province, Jianan promotes smart supply chain for animal husbandry business with a focus on logistics, biosafety and healthcare system, and others. The 11-year-old Jianan expects to achieve 400% growth year-on-year, it claimed.

Jianan has also been backed by state-owned SDIC Taikang Trust, Bank of Nanjing and Jiangsu Village Development Fund.

Ruiyun Cold Chain bags $18m in angel round

Chinese cold chain platform Ruiyun Cold Chain has completed raising 120 million yuan ($18 million) in its angel round from a slew of investors, according to a company statement on Wednesday.

The round saw the participation of investors including state-backed China Merchants Venture, Panlin Capital and Qingsong Fund.

The corpus raised will be used to develop the company’s IT infrastructure, logistics trading platform, among others.

Ruiyun caters to clients in fields like catering, retail, fresh produce e-commerce, trade, and food industry, among others.

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.