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.