SBCVC invests in Xinqiyuan Technology and 25 more deal updates from Greater China

Shenzhen Xinqiyuan Technology Co., Ltd said on Tuesday that it has secured “tens of millions of US dollars” in a Pre-A2 round of financing jointly led by semiconductor-focused investment firm CTC Capital and SoftBank’s China arm SBCVC. 

The company specialises in delivering intelligent chips to telecom companies and enterprises. The proceeds of the round will be used for technology innovations, besides business ecosystem and market expansions, the company said in a WeChat post on Tuesday.

Xinqiyuan had closed an undisclosed Pre-A round funding from Shanghai-based New Insight Capital in 2019.

Six-year-old Xinqiyuan has specialised in the fields of 5G network data centres and high-end electronic design automation (EDA). Xinqiyuan claims that it has developed China’s sole data processing unit (DPU) that can reduce the operation cost of cloud computing data centres. 

The company recently set up a laboratory with China Telecom. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on February 19-23, 2021. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
Clover BiopharmaceuticalsChengdu230 millionCGL Ventures, TemasekOceanpine Capital, OrbiMed, Delos CapitalBiotech
SPH Health CommerceShanghai160 millionBShanghai Biomedicine Industry Fund, JIC GroupSinocare, Shanghai Shangguo Investment Asset Management, New Alliance Capital, Ample Harvest Finance, Shanghai Huadong GroupHealthTech
WangjiahuanShenzhen123 millionB+CPEPaul Run Holding, Ziming CapitalRidesharing /Transport
Regor TherapeuticsShanghai90 millionBLilly Asia Ventures (LAV)Loyal Valley Capital, Lanting Capital, TF Capital, Vertex Ventures ChinaN/A
Black Lake TechnologiesShanghai77 millionCTemasekGrowth Capital, Lightspeed China Partners, GSR Ventures, BAI Capital, GGV Capital, ZhenFundSaas
OrayShanghai40 million-GL VenturesTencent, Gaocheng CapitalSaas
Sciwind Hangzhou39 millionBLYFE CapitalLegend Capital, Zhejiang Haibang Investment ManagementN/A
Shenzhen Xinqiyuan TechnologyShenzhen* 15 millionPre-A2CTC Capital, SBCVC-Big Data
Cryofocus Biotech (Shanghai) Shanghai* 15 millionBGL VenturesFutureX, Ningbo Tongshang Ventures, Qingdao Guoxin, Shenzhen Furong Investment, Proxima VenturesN/A
LyvgenShanghai* 15 millionCIDG CapitalSuzhou Longmen Ventures, Chengwei Chuangban Investment, FTZ FundN/A
USTARHangzhou* 15 million-Oriental Fortune CapitalCD Capital, Jiangu Capital, Juxie CapitalN/A
Suzhou Singular Medical Suzhou* 15 millionBSDIC Unity Capital, Qiming Venture PartnersNorthern Light Venture Capital, SND Ventures Group,Marathon Venture Partners N/A
RigenbioShanghai15 millionAOriza SeedZhenFund, Prosperico VenturesHealthTech
Baobao ChanleZhoushan15 millionA, A+-Tiantu CapitalN/A
Captain BIShenzhen15 millionAEastern Bell Capital, Cowin CapitalZongteng GroupSaas
Maycur.comHangzhou15 millionB+VitalbridgeGP CapitalSaas
Beijing VirtAI TechnologyBeijing* 10 millionA+China Mobile and CMB International's telecommunication fundGL Ventures AI and Machine Learning
VikaShenzhen10 millionPre-A, Pre-A+Pre-A: Eminence Ventures Pre-A+: GL VenturesPre-A: 5Y Capital PA-A+: Eminence Ventures, 5Y CapitalCloud Computing
LTHPCBeijing* 1.5 millionAZero2IPO Asset Management-AI and Machine Learning
Greatway PharmBeijing* 1.5 millionACo-win CapitalDynamic CapitalN/A
CHIC HealthShanghai* 1.5 millionAngel-MatrixPartners ChinaHealthTech
LamotechShanghai1.5 millionABluerun Ventures-3D Printing
WATTaipei1.5 millionPre-ABAI-N/A
TransblockBeijing--B+-GGV Capital, GSR VenturesReal Estate Tech
Teddy Mobile TechnologyBeijing-D1-Xiaomi, Kinzon CapitalN/A
YikongzhijiaBeijing-ANIO Capital, Eight Roads-Autonomous Driving

∗ 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.