China Digest: Synaptic Medical, Gemii in funding news

Photo by Henk Vrieselaar on Unsplash

Synaptic Medical has raised about $60 million in its Series G round of funding led by Huagai Capital. In a separate development, Gemii Technology has raised nearly $30 million in its Series B round of financing.

Synaptic Medical raises funding led by Huagai Capital

US-based medical devices manufacturer Synaptic Medical has completed raising about $60 million in its Series G round led by Huagai Capital, a Chinese PE firm that invests in TMT, medical and cultural industries.

The round also saw the participation of YuanBio Venture Capital. Returning investor SIG Capital also made a follow-on investment, per a company statement issued on Friday. Investment bank Haoyue Capital facilitated the transaction.

Set up in 2015, Synaptic Medical delivers innovative medical instruments for treatments in areas of cardiovascular diseases. Its products are widely used across 800 hospitals in China.

Shunwei backs Gemii

Gemii Technology, a provider of social marketing and new retail services, has garnered about $30 million in its Series B round led by Trustbridge Partners, a Shanghai-based investment firm that has backed industry giants like WeWork, Dianping, and Yuanfudao.

Shunwei Capital and Matrix Partners China, which had jointly invested $10 million in Gemii’s Series A round in 2018, also re-upped in the round. Investment bank 100Summit Partners served as the exclusive financial advisor for the deal, the company said in a WeChat post.

Proceeds from the round will be used to level up technology innovations and digital marketing services.

Since its inception in 2016 in Shanghai, Gemii claims to have helped nearly 100 brands such as Danone, Nespresso, and Sam’s Club to drive sales.

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.