Matrix Partners China backs Banniu and 13 more deal updates from Greater China

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. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
Beijing Cloudwise Technology Beijing150 millionESequoia Capital ChinaSIG, CPE, ASG, Boston Investment, FutureX Capital, investment bank CR CapitalAI and Machine Learning
Geneplus TechnologyBeijing116 millionCCCB InternationalCCB 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 CapitalBiotech
Guangdong Rongtai Pharmaceuticals Guangzhou46 millionAHiDer Investment, Shenzhen Capital -HealthTech
NourseShanghai30 millionB++-Vertex Ventures ChinaN/A
Xiaoha HuandianNingde* 15 million--Greater Bay Area Homeland Investments Limited, Grains Valley Venture Capital, Win Capital, THU CapitalElectric/Hybrid Vechicles
Chengdu MaxHealth Biotechnology LLCChengdu* 15 millionA-Korea Investment Partners (KIP), GL Ventures, Sherpa Healthcare PartnersBiotech
Ancient Times of GenomicsGuangzhou15 millionADynamic Capital, Redhill CapitalJiangsu Wuzhong Pharmaceutical Group Biotech
QuantexBeijing15 millionBShanghai Hyron SoftwareTosoScend CapitalFintech
BanniuHangzhou15 millionA-Matrix Partners China, Guangzhou SIE Consulting's industry fundE-commerce
Seesaw CoffeeShanghai15 millionA+-Heytea, Bestfood HoldingN/A
Yaocheng Healthcare TechnologyShanghai15 millionAShanghai AI Industry Investment FundLightspeed China Partners, Hankang Capital, Legend Star, Primavera CapitalSaas
Xihua TechnologyShenzhen* 1.5 millionPre-AHui Capital-AI and Machine Learning
LineZone DataHangzhou* 1.5 millionA+CMCHillhouse Capital, Fortunate CapitalSaas
Davinci Tech Beijing-Pre-A-Yingke PEElectric/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. 

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.