Lightspeed backs AI startup Juefx and 16 more deal updates from Greater China

Juefx, an AI technology startup that develops autonomous driving data, has pocketed nearly 100 million yuan ($15 million) in its Series A round of financing led by Shenzhen-based investment firm Hygao Capital.

Returning investors including Lightspeed Partners China, and Yunqi Capital made follow-on investments, per a company statement on Thursday.

Yunqi along with Legend Star, ZhenFund, K2VC, and Next Capital together invested in Juefx’s pre-A round in 2019.

Proceeds from the funding will be deployed to further integrate its data assets into application scenarios, the startup said.

Juefx, set up in 2019 in Beijing, promotes intelligent data services and tools for the autonomous driving industry. Its pipeline solutions are widely used across smart transport, smart logistics, and digital city.

It counts JD.COM, China Mobile, Foxconn, Geely, and Zhengzhou Yutong Group, among others, as top clients. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on April 14 – 16, 2021. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals        
FITUREChengdu300 millionBLegend Capital, DST Global, CoatueSequoia Capital China, Tencent, NIO Capital, GSR Ventures, BAI, BA Capital, CPE, C Ventures, Cygnus Equity, Z1 Capital Fitness & Wellness
ZJS ExpressBeijing153 millionB-Sino-Ocean Capital, Ningbo Hanrun Investment, Gaolin CapitalRidesharing /Transport
Gaussian RoboticsShanghai100 millionB+Longfor Group Meituan, China Securities, BlueRun VenturesRobotics & Drones
BlissBioHangzhou61 millionBGL VenturesCormorant Asset Management, VMS Group, Hangzhou Heda Bio-Pharmaceutical Fund, Sherpa Healthcare Partners, Oriental Fortune CapitalN/A
imilabShanghai30 millionBFortune Capitalspzp.com, CITIC Securities, Cowin Capital, Langcheng CapitalInternet of Things
Next Generation Gene TherapeuticsSuzhou30 millionAKington CapitalBeijing Weidu Capital Management, Northern Light Venture Capital, Yuanbio Venture CapitalBiotech
LaihuaShenzhen25 millionB3Zhencheng CapitalInfinity Capital AR & VR
NebulamatrixZhuhai* 15 millionAngelGL VenturesVGC, Walden InternationalBig Data
Xeno DynamicsShenzhen15 millionASource Code CapitalShenZhen Co-Stone Asset Management, Glory Ventures, Grains Valley Venture CapitalHealthTech
juefx.comBeijing15 millionAHygao CapitalLightspeed China Partners, Yunqi CapitalAutonomous Driving
EmotibotShanghai15 millionC+Icy Capital, GF Xinde Investment, Everest VCChina Development Financial HoldingAI and Machine Learning
FONEShanghai15 millionB1, B2-B1: Oriza Prior, Firstred Capital; B2: IDG CapitalBig Data
MOLY VIVIShanghai15 millionA-Matrix Partners ChinaN/A
ChimeBeijing* 1.5 million-Fellow PartnersIMO VenturesN/A
AkmpathShanghai* 1.5 millionA+-Insight Capital, Zero2IPO Asset ManagementHealthTech
HyperwayChengdu* 1.5 millionAHuaige CapitalSichuan Yuanshi Technology Innovation FundN/A
MaomaochongChongqing* 1.5 millionAHongtai Aplus-E-commerce

∗ indicates that the company did not provide the specific size of the deal but only a range. So, we adopt the smallest number in the range, which is “10 million yuan ($1.5 million)” in the given example. 

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.