Shunwei, CCV back Next Generation and 16 more deal updates from Greater China

Virtual synthetic character developer Next Generation has secured ‘millions of US dollars’ in its Series A round of financing led by China Creation Ventures, an early-stage investment firm that has backed industry players like JD.com, CreditEase, and Asia Innovations Group. 

Return backer Shunwei Capital also joined the round. Shunwei had exclusively made a similar-sized investment for Next Generation’s pre-A round in October 2020, the investor said in a WeChat post on Monday. 

The startup plans to allocate the proceeds to spruce up programmes linking to virtual human products and their commercialisation. 

The Beijing-headquartered Next Generation uses virtual synthetic characters to create immersive and entertaining content including animation, music, and web series. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on July 23-26, 2021. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
Nanjing SemiDrive TechnologyNanjing154 millionBChina Development Equipment Manufacturing Industry Fund, V FundBOC International, Shanghai Technology Innovation Investment Fund, Zhangjiang Haoyan Investment, Matrix Partners China, CT Capital, Vertex Ventures China, Chendao Capital AI and Machine Learning
CalmCarSuzhou150 millionCZF Friedrichshafen AGLongshi Capital, Oci International Holdings, CRI, Zhongke Xianjin Fund, VinFast, Great Filter Venture, China Unicom Capital, CICC-Unicom Capital Autonomous Driving
TransTheraNanjing100 millionDCPE, China Structural Reform FundSixty Degree Capital, China Merchants Capital, GP Healthcare Fund, CoStone Capital, Jiangsu Ruihua Investment Holdings N/A
Zhiyi Tech Hangzhou30 millionBGL Ventures, Zoo CapitalYonghua Capital, Legend CapitalSaas
ZSHK LabHong Kong15 millionAQiming Venture Partners Ascendum CapitalHealthTech
TarapeuticsBangbu15 millionA-Anhui Technology Fund, Banghu Small and Medium Fund, CAS-Guoyuan Fund, Zhongan Tourism Healthcare Fund, Anyuan Innovation Fund, Anhua Innovation Fund, Kerui Hongtai Fund, Sunland FundN/A
Xuanbo Beer Wenzhou7.7 millionPre-APlum VenturesVangoo Capital, YZ Capital, Guanghe Venture Capital, Kaiying Capital, Shenzhen TansuN/A
LinptechWuhan7.7 millionBWuhan Guanggu Fenghuo VenturesFortune Techgroup CleanTech
ZONE TechnologyShanghai4.6 millionPre-ARedpoint China VenturesPlum VenturesSaas
Shenxin Biotech Shenzhen* 15 millionACPELegend Capital, Dynamic Capital, Chongqing Zhifei Biological Products, CasStar, Qianhai FOFBiotech
Zhejiang JYSS Bio-EngineeringHangzhou* 15 millionA, BA: Matrix Partners China; B: CMB InternationalA: Sinosidom, Grandway Capital; B: Sherpa Healthcare Partners, CITIC Medical Fund, C&D InvestmentN/A
CispolyYiwu* 1.5 millionPre-A2-Shenzhen Capital HealthTech
Tiger Security Hangzhou* 1.5 millionPre-A-Kaitai Capital, IN Capital Saas
SeawayBeijing* 1.5 millionA-China Merchants Capital, Meridian Capital Internet of Things
Next GenerationBeijing* 1 millionAChina Creation Ventures (CCV)Shunwei CapitalAR & VR
Weijie Group Hangzhou-A-Xingwang Investment N/A
InferVisionBeijing-D2-AsiaTech Ventures, Z-Park Fund, Goldman Asset Management, CCB Trust, TopoScend Capital, Xiangli Capital, Zhongguancun Kexuecheng, Shenzhen Yicun Tongsheng Investment, Shanghai Lianyi InvestmentHealthTech

∗ 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 “6.5 million yuan ($1 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.