Ambilight has raised a Series B round of funding exclusively from MatrixPartners China, while Wangjiadu Foods has secured $15 million in a Series A round of financing from Fosun Xingyuan Innovation Fund and Fanqie Capital.
MatrixPartners China invests in Ambilight’s Series B
Silicon Valley-based developer of electrochromic technology Ambilight has garnered a Series B round of funding raising “tens of millions of US dollars” exclusively from MatrixPartners China, the investor announced on Friday.
The new development comes over a year after it secured $20 million in a Series A round funding led by Maison Capital in February 2020. Maison Capital has interests in consumption, healthcare, and technology innovation. With the fresh proceeds, Ambilight will aim to launch a new pipeline and expand business operations.
With four research centres across Indiana in the US, and China’s Shenzhen, Suzhou and Nanjing, it has provided novel product lines covering automobile rearview mirror, sunroof, side window, facade, and ski goggles, among others. Its offerings are widely used in the areas of consumer electronics, auto and architecture.
Ambilight’s early-stage investors include big data-focussed Seas Capital, Spright’s investment arm Spright Industrial Capital, Danen Capital, and Bofu Investment.
Wangjiadu Foods nets $15m in Series A
Wangjiadu Foods, a manufacturer of processed food and spicy condiments, said on Friday that it has secured 100 million yuan ($15 million) in a Series A round of financing from existing investors Fosun Xingyuan Innovation Fund and Fanqie Capital.
Located at Southwest China’s Sichuan province, Wangjiadu Foods manufactures and distributes prefabricated food products such as braised porks, sausages, and hot pot seasoning. Besides e-commerce channels through JD.com, Tmall, Pinduoduo, and TikTok, Wangjiadu Foods has foraged partnerships with thousands of shopping malls, supermarkets, and convenient stores.
Wangjiadu Foods plans to accelerate market expansion in the country in 2021, it claims.