Singleron Biotechnologies and Duckbill Inc have raised $30 million each in their fresh rounds of funding while Terminus Technologies has bagged an undisclosed sum from New York-based alternative investment firm Investcorp.
Singleron bags $30m Series A from LAV, Tencent
Chinese molecular diagnostics firm Singleron Biotechnologies on Monday announced the completion of a $30-million Series A round led by Chinese biomedical venture capital firm Lilly Asia Ventures.
New investors include Chinese tech giant Tencent, US life sciences-focused ARCH Venture Partners, and Chenling Asset Management, a joint fund set up in 2015 by state-owned China Reform Investment and Puissance Capital. Existing investors China Growth Capital and Sherpa Healthcare Partners also participated in the funding round, per a company statement.
The returning investors had, along with Suzhou-based Oriza Holdings and Frees Fund, invested 100 million yuan ($14 million) in the company’s pre-A round in 2019. Oriza and Frees had also infused “millions of US dollars” in the company in 2018.
Singleron will invest the proceeds to develop single-cell sequencing techniques and products, and also to ramp up its international presence.
Shunwei co-leads $30m funding in Duckbill
Shanghai-based container truck fleet operator Duckbill Inc, also known as Yazuishou, said it has raised a $30-million pre-B round of funding jointly led by Chinese electronics giant Xiaomi Corporation’s investment arm Shunwei Capital and existing investor Future Capital, a Beijing-based investment firm.
The fresh round also saw participation from Chinese VC Unicorn. Lighthouse Capital served as the exclusive financial advisor, Duckbill posted on WeChat on Monday.
The startup will use the proceeds for the business extension, product research, and talent enhancement.
The three-year-old Duckbill operates online container trucking services for international trade. Its services include shipments, monitoring, and the management of trucks. It has provided services to more than 5,000 clients, it claims.
Duckbill has previously completed eight rounds of financing from Sunyard System Engineering, Cannova Investment, Eminence Ventures, and Fengwang Investment, among others.
Investcorp invests in Terminus Technologies
Chinese smart city and services provider Terminus Technologies has bagged an undisclosed amount of new funding from New York-based alternative investment firm Investcorp, according to a company statement on Monday.
The fresh round of financing comes a year after it had secured 2 billion yuan ($293 million) in a Series C round of funding from state-owned China Everbright Limited, e-commerce giant JD.COM, realty developer Wanda Group’s investment arm Wanda Investment and intelligent speech startup iFlytek in August 2019.
Previously, in 2018, China Everbright, IDG Capital and AI platform SenseTime had collectively infused 1.2 billion yuan ($176 million) in Terminus’s Series B round of funding.
Located at Southwest China’s Chongqing city, the five-year-old Terminus offers prominent smart products and solutions including smart city management systems led by AI and the internet of things (IoT).