Our weekly column summarizes the tech financing highlights in China this week.
People all over the world are paying more attention to how they can improve their health, which contributes to the development of relevant biological industries, especially the genomic information industry. With the development of new technologies and business, genomic companies can process all information from patients through smart hardware to get sequence samples of DNA, and use it to test patients’ health and treatment.
Genomic information company NextCODE received USD 240M for Series B
NextCODE
Founder: Hannes Smarason
Founded in: 2013
Financing status: RMB 1.5 billion (USD 240 million) for Series B financing in 2017
Genomic information company, NextCODE, received USD 240 million for Series B on September 8 to build a standard network of genomic data.
Video service brand Yitiao TV receives undisclosed Series C in tens of millions of USD
Yitiao TV
Founder: Xu Husheng
Founded in: 2014
Financing status: Series C financing in 2017 amounting to hundreds of millions in RMB (Tens of millions in USD)
The video service brand, Yitiao TV, received undisclosed Series C in tens of millions of USD in September to expand its content range.
Convenience store startup Xiaomai received USD 18 M for Series A+
Xiaomai
Founded in: 2015
Financing status: RMB 120 million (USD 18 million) for Series A+ financing in 2017
The convenience store startup, Xiaomai, received USD 18 M for Series A+ on September 11 to make convenience stores built like Legos.
Sequencing service provider Basecare receives USD 14M for Series B
Basecare
Founded in: 2010
Financing status: RMB 100 million (USD 14 million) for Series B financing in 2017
Sequencing service provider, Basecare, received USD 14M for Series B on September 11 to attach its sequencing service to clinical services.
Rail services provider Lvtudiandian received USD 3M for strategic financing
Lvtudiandian
Founded in: 2016
Financing status: RMB 20 million (USD 3 million) for strategic financing in 2017
Rail service provider Lvtudiandian received USD 3M for strategic financing on September 7 to broaden its range of rail services.
Convenience shelves startup Sokbuy received undisclosed pre-Series A in millions of USD
Sokbuy
Founded in: 2017
Financing status: Pre-Series A financing in 2017 amounting to tens of million in RMB (a few millions USD)
Convenience shelf startup, Sokbuy, received undisclosed pre-Series A in millions of USD on September 8 to develop smart convenience shelves with face recognition support.
Fresh food B2C e-commerce platform Shixing Shengxian receives USD 46M for Series C+
Shixing Shengxian
Founder: Zhang Hongliang
Founded in: 2015
Financing status: RMB 300 million (USD 46 million) for Series C+ financing in 2017
Fresh food B2C e-commerce platform, Shixing Shengxian, received USD 46 million for Series C+ on September 12 to expand its business to more cities.
Unmanned convenience store startup EasyGo received USD 3M for angel round
EasyGo
Founder: Wang Mumu
Founded in: 2017
Financing status: RMB 20 million (USD 3 million) for angel round financing in 2017
Unmanned convenience store startup, EasyGo, received USD 3 million for angel round on September 12 to launch new convenience stores in new regions.
Online English training company Acadsoc receives USD 14M for Series B
Acadsoc
Founder: Anson Wong
Founded in: 2011
Financing status: RMB 100 million (USD 14 million) for Series B financing in 2017
Online English training company, Acadsoc, received USD 14 million for Series B on September to speed up the development of its products and services.
Child reading service provider Kada received undisclosed Series A
Kada
Founded in: 2014
Financing status: Undisclosed Series A financing in 2017
Child reading service provider, Kada, received undisclosed Series A on September 13 to improve its platform’s user experience.
(Top photo from 699pic.com)
