X-EPIC nets $62m and 26 more deal updates from Greater China

Chinese IC design startup X-EPIC has raised 400 million yuan ($62 million) in a Pre-B round of financing led by YF Fund, the privately-owned investment firm of Alibaba’s Jack Ma, the investee announced on Thursday.

The round also saw participation from Matrix Partners China and China Development Bank Capital’s sub-fund Puluo Capital. X-EPIC’s latest round also attracted returning investors including Hillhouse Capital’s venture unit GL Ventures and early-stage investment firm Gaorong Capital.

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