Singleron Biotechnologies has raised $30 million in a Series A2 round of funding led by Tencent, while fitness equipment provider FITURE has closed its Series A+ round of funding raising over $20 million co-led by GSR Ventures, NIO Capital and Z1 Capital.
Tencent leads $30m in Singleron
Chinese molecular diagnostics startup Singleron Biotechnologies has closed a $30 million Series A2 round of funding solely from existing investors, according to a company statement on Thursday.
It brings the total corpus raised by Singleron in the past four months to $70 million. In November 2020, it pocketed more than $10 million in a Series A+ round. Singleron had also garnered $30 million in a Series A funding led by Chinese biomedical venture capital firm Lilly Asia Ventures (LAV) in September.
The latest Series A2 round was led by Tencent and joined by LAV; SoftBank’s China-based arm SBCVC, Chinese alternative asset manager CDH Investments; and healthcare-focused investment firm Sherpa Healthcare Partners.
Singleron will invest the proceeds to develop single-cell sequencing techniques and products, and also to ramp up its international presence.
With headquarters in Nanjing and offices in Suzhou, US, and Germany, Singleron uses single-cell analysis techniques to conduct clinical diagnosis, drug development, and health management. Its early-stage investors also include China Growth Capital, Arch Venture Partners, Frees Fund, and Oriza Seed.
FITURE nets over $20m in a Series A+ round
FITURE, a Chengdu-headquartered smart home fitness equipment provider, said on Thursday that it has secured its Series A+ round of funding raising over $20 million, jointly led by early-stage investor GSR Ventures, Chinese leading electronic vehicle NIO’s NIO Capital and Z1 Capital.
The provider raised nearly $100 million over the past three months, per a company statement. FITURE had garnered $65 million in a Series A round of financing in September this year led by Tencent with participation from Sequoia Capital China, Bertelsmann Asia Investments (BAI), C Ventures, and others.
The one-year-old FITURE operates line business in intelligent home fitness devices by offering online courses, real-time exercise data monitoring services, and interactive user community, among others.
FITURE recently launched its maiden product, FITURE Mojing, which enables all-in-one fitness service. In August 2019, Sequoia Capital China poured $6 million in FITURE’s angel round.