E-commerce driven platform-as-a-service (PaaS) startup Banniu announced on Thursday that it has pocketed over 100 million yuan ($15 million) in a Series A round of financing led by logistics and supply chain focused Eastern Bell Capital.
Matrix Partners China alongside Guangzhou SIE Consulting’s industry fund participated in the new round, according to a company statement. The corpus raised will be used to develop markets and digital services, and explore accessible scenarios, the statement added.
Managed by Zhengma Software, Banniu leverages big data to develop one-stop solutions such as online booking, product operations, and distributions for enterprises. It has integrated e-commerce platforms including Tmall, JD.com, TikTok, and Pingduoduo. The company helps e-commerce clients achieve business data optimisation and efficiently builds connections with potential customers.
As of March 2021, Banniu claims to have served more than 1,500 clients nclusing L’ORÉAL, Babycare, ANTA, and Midea.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on July 21-22, 2021.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Verticals|
|Beijing Cloudwise Technology||Beijing||150 million||E||Sequoia Capital China||SIG, CPE, ASG, Boston Investment, FutureX Capital, investment bank CR Capital||AI and Machine Learning|
|Geneplus Technology||Beijing||116 million||C||CCB International||CCB Capital, GGV Capital, Jinmao Capital, Fortunate Capital, AliHealth, Baidu Ventures, Yuanfeng Capital, Huajin Capital, Juanci Investment, ZGC Zhongnuo Fund, Gold Seed Venture Capital, Weiting Capital, Chuanghuihe Capital||Biotech|
|Guangdong Rongtai Pharmaceuticals||Guangzhou||46 million||A||HiDer Investment, Shenzhen Capital||-||HealthTech|
|Nourse||Shanghai||30 million||B++||-||Vertex Ventures China||N/A|
|Xiaoha Huandian||Ningde||* 15 million||-||-||Greater Bay Area Homeland Investments Limited, Grains Valley Venture Capital, Win Capital, THU Capital||Electric/Hybrid Vechicles|
|Chengdu MaxHealth Biotechnology LLC||Chengdu||* 15 million||A||-||Korea Investment Partners (KIP), GL Ventures, Sherpa Healthcare Partners||Biotech|
|Ancient Times of Genomics||Guangzhou||15 million||A||Dynamic Capital, Redhill Capital||Jiangsu Wuzhong Pharmaceutical Group||Biotech|
|Quantex||Beijing||15 million||B||Shanghai Hyron Software||TosoScend Capital||Fintech|
|Banniu||Hangzhou||15 million||A||-||Matrix Partners China, Guangzhou SIE Consulting's industry fund||E-commerce|
|Seesaw Coffee||Shanghai||15 million||A+||-||Heytea, Bestfood Holding||N/A|
|Yaocheng Healthcare Technology||Shanghai||15 million||A||Shanghai AI Industry Investment Fund||Lightspeed China Partners, Hankang Capital, Legend Star, Primavera Capital||Saas|
|Xihua Technology||Shenzhen||* 1.5 million||Pre-A||Hui Capital||-||AI and Machine Learning|
|LineZone Data||Hangzhou||* 1.5 million||A+||CMC||Hillhouse Capital, Fortunate Capital||Saas|
|Davinci Tech||Beijing||-||Pre-A||-||Yingke PE||Electric/Hybrid Vechicles|
∗ 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.