METOAK nets $15m and 24 more deal updates from Greater China

Chinese intelligent visual sensing products and solutions developer METOAK has secured nearly 100 million yuan ($15 million) in its Series A+ round led by semiconductor industry focused investment firm CTC Capital, the lead investor announced on Wednesday.

It attracted returning investors namely Shenzhen Capital Group and Tendence Capital. 

METOAK, which started operations in 2017 in Beijing, is engaged in the production of stereoscopic visual sensing chips and services. Its offerings are widely used for advanced driving assistance system (ADAS), autonomous vehicles, service robots, drones, among others. 

It claims that the ADAS-based chips are under mass production. It is expected to sell up to 500,000 chip products. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on November 22 – 24, 2021. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
Cornerstone RoboticsShenzhen78 million B-Lilly Asia Ventures, Dragon Capital, New World Development, Gaorong Capital, Qiming Venture Partners, Qingsong Fund, K2VCRobotics & Drones
North Ocean Photonics Shanghai63 million B+-CITIC Zhengye, Yunfeng Capital, Haiwang Capital, CCB Principal Asset Management, Future Capital, Kinzon Capital, Walden Internatinoal, LGIMIC.COM, Vision Plus Capital, Oriza FOFs, Chenhui Venture Partners, Source Code Capital, Yingrui Capital AR & VR
Neurophth BiotechnologyWuhan63 million CSequoia Capital China, SDIC China Merchants InvestmentCMB International Capital, Sunshine Insurance GroupBiotech
KingstronBio Changshu 47 million CSequoia Capital China Everbright Finnacial Holding Asset Management, GF Qianhe, Panlin Capital N/A
MAXIEYEShanghai47 million BDesay SVYonghua Capital, FTZ Fund, People's Daily Autonomous Driving
Allorion Therapeutics Guangzhou40 million AQiming Venture PartnersIDG Capital, Octagon Capital, Firstred Capital, Elikon Venture, TF Capital, Med-Fine CapitalN/A
SanyekeBeijing30 million B+, C-Owl Ventures, UdemyEdTech
StartDTHangzhou30 million C1Taikang Asset ByteDance, DT Capital, Xiyún Capital Big Data
Readline Shenzhen30 million A+, A++Green Pine Capital PartnersCoBuilder Partners, Yuanhai Shijia, Kuanyu Capital, Changde Caixin Financial Holding Group, Oriental Fortune Capital, Honghu Ruiying, Lihe HongxinCleanTech
Shanghai Donglei Brain Hospital Shanghai30 million C-Sequoia Capital ChinaHealthTech
Triaster Nanjing* 15 millionB+Triwise Capital Matrix Partners China, Yunqi Partners 3D Printing
Beijing Immunochina Pharmaceutical Beijing* 15 millionDChina Life Healthcare InvestmentGF Qianhe, SDIC Venture Capital, Longmen Investment, Shuimu Shenan, Yajie Angel InvestmentBiotech
Nuanwa Technology Shanghai* 15 millionA+KTB Capital Lenovo Capital, Detong Capital, Z1, Sequoia Capital Insuretech
VUL·AIBeijing15 million A+Cowin CapitalWeicun Zhike, Guojun Jingtai InvestmentInfrastructure
Unicet BiotechBeijing15 million Pre-A-ZGC Co-Innovation Fund, Lapam Capital, Highlight CapitalBiotech
METOAKBeijing15 million A+CTC Capital Shenzhen Capital Group, Tendence Capital Autonomous Driving
NeuraMatrixBeijing15 million AHuagai Captial Prosperity7 Ventures, Matrix Partners ChinaInfrastructure
Fei Zap Mai Laan Shanghai15 million ABuer Capital Sanjiao Capital, Redpoint China VenturesN/A
LEPOPBeijing10 million Angel --N/A
Luwei Juexing Shenzhen7.8 millionA-Matxrix Partners China N/A
zjian.netShanghai4.7 million Angel -GGV Capital Sales & Marketing Software
Inmo Technology Shenzhen* 1.5 millionPre-AMatrix Partners Capital -AR & VR
Simright Shanghai* 1.5 millionAFortune Capital Lieying Investment Saas
HinfoseWuxi* 1.5 millionBAddor Capital -Infrastructure
Qingting FM Shanghai--COL Digital Publishing Group Xiaomi Corporation, Ruiyi Investment, PV CapitalN/A

∗ 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.