Chinese elevator solution provider Xinzailing snags $72m in Series C++ round

Chinese elevator solution provider Xinzailing snags $72m in Series C++ round

Photo by Arisa Chattasa on Unsplash

IoT-driven elevator security solutions provider Zhejiang Xinzailing Technology Co Ltd has secured 500 million yuan ($72 million) in a Series C++ round of financing from undisclosed investors, per a company statement. 

Chinese boutique investment firm Lighthouse Capital acted as the financial advisor on the deal. 

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter