SoftBank backs Futurtec and 15 more deal updates from Greater China

Intelligent medical devices producer Shenzhen Futurtec Medical Co., Ltd has secured ‘tens of millions of US dollars’ in a Series B round of financing, per a company statement on Tuesday.

The new round was co-led by SoftBank Vision Fund 2, Dr. Kai-Fu Lee’s Sinovation Ventures, and Huatai Securities’ Huatai Zijin Investment.

Other investors who participated in the round include Agricultural Bank of China’s ABC International, and returning backer Morningside Venture Capital.

Alongside healthcare-led Highlight Capital, Morningside Venture Capital had poured ‘millions of US dollars’ in Futurtec’s Series A round in early-2021.

Futurtec, set up in 2015 in Southeast China’s Shenzhen city, specialises in developing orthopaedics-focused robot products and solutions. Its proprietary robot, Orthbot, provides smart orthopedic surgical systems that aid in surgical planning, monitoring, and mapping, among other things. 

The company is also backed by the alternative asset manager Morale Capital, state-backed ZGC Co-Innovation Fund, and Bloomage International. 

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on October 26 – 27, 2021. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
XijiezhachuanNanjing46 million A Source Code Capital, Focus Capital -N/A
Authing Beijing23 millionA Tiger Global ManagementCDH Investments VGC, Agora, GGV Capital, MiraclePlusCloud Computing
EasyLinkinWuhan* 15 million C+-China Growth Capital, Shenzhen Capital Group, CMB International, CICC Capital's sub-fund Zhongdian Zhongjin Fund, Hina Group, Lingdu Capital, Bojiang CapitalInternet of Things
FuturtecShenzhen* 15 million BSoftBank Vision Fund 2, Huatai Zijin Investment, Sinovation VenturesABC International, Morningside Venture CapitalRobotics & Drones
CurrentDrawXiamen 15 million A GL VenturesGGV CapitalAI and Machine Learning
CabanaShanghai15 million A Sequoia Capital China Baobi Fund, Yisan Capital E-commerce
Yuyi DataHangzhou 15 million A+Yunqi Capital Matrix Partners ChinaSaas
Signet TherapeuticsFoshan10 million Angel+5Y Capital Sky9 CapitalBiotech
ShowconShanghai9 million A Sequoia Capital China ZhenFund, Peeli VenturesCloud Computing
Nature Easy Soft Qingdao* 1.5 million Gaocheng Capital --Saas
Mulang CloudShenzhen* 1.5 million -Plum Ventures-Big Data
MioTechShanghai-B++-J.P.Morgan Asset Management, HSBC Asset Management’s Financial Technology Venture Capital Fund Big Data
Beijing Baicare BiotechnologyBeijing-Strategy -Qianlong CapitalHealthTech
Global Power Technology Beijing-D-Oriza PE, SK (China) Holding, TCL, China MaterialiaN/A
ZcoolBeijing-A+NetEaseThe Arena Capital, Shunwei Capital, China Creation VenturesAI and Machine Learning
WATShanghai-A Bertelsmann Asia Investments (BAI), Fanqie Capital, Hey Tea-N/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.