Family service platform Halove receives USD 32M for Series A
Founder: Shao Chenxi
Founded in: 2015
Financing status: RMB 210 million (USD 32 million) for Series A financing in 2017
Family service platform, Halove, received USD 32 million for Series A on November 13 to serve more users.
Though we have various smartphones and apps, it is still difficult for our parents to enjoy smart technology. Take WeChat as an example: the elderly–those over 60 years old–who use WeChat only amount to 6 million, less than 1% of the total users. This is a large market that is targeted at family connection.
Halove is a family service platform that aims to better serve elderly people with its family service solution. For parents, the company develops mobile phones which are much simpler for elderly users to use than normal smartphones. Their children only have to install the corresponding app in their smartphones to allow them to communicate with their parents’ mobile phone. Additionally, Halove’s app supports Android and iOS.
The mobile phone for elderly parents is customized, integrating voice technology, health care service, 24 hours emergency rescue service, and so on. It removes extra features so that elderly parents can connect with their children easily.
Founded in 2015 in Hangzhou, Halove has developed more than one hundred offline outlets, and cooperated with millions of partners to promote its family service solution. Moreover, it has so far served 100,000 users and aims to expand to one million by the end of 2017.
This new financing round was led by We Doctor, a Tencent backed online medical company, with several private venture capital firms in Zhejiang participating. The capital will be used to work with We Doctor in resources, technology, and channels for building smart health solutions for this industry. Meanwhile, Halove plans to expand its user basement and acquire more partners to enrich its service range.
Multi-screen interactive solution provider Lebo receives USD 10M for Series A+
Founder: Feng Seng
Founded in: 2013
Financing status: RMB 65 million (USD 10 million) for Series A+ financing in 2017
Multi-screen interactive solutions provider, Lebo, received USD 10 million for Series A+ on November 14 for market expansion.
Lebo is a multi-screen interactive solutions provider that enables wireless connectivity from mobile phones to large screens to meet user’s demands for large screens. It is working with Xiaomi, Youku, haier and other TV terminal manufacturers to pre-install technology in the intelligent TV terminals. Users can not only watch the videos on large screens via Lebo’s technological support, but also watch live broadcasts on the large screen.
Besides providing users with multi-screens, Lebo’s solutions also have been applied in large enterprises with intelligent office systems. For partners like Ctrip and HUAWEI, Lebo’s solutions enable 1000 meeting rooms to connect to a computer, as well as file transfers between screens.
Founded in 2013 in Shenzhen, its solutions have been pre-installed in about 90 million smart TV terminals, and have served over five million enterprises. Meanwhile, it is also expanding its solution to more areas, such as online education, KTV, and so on.
This Series A+ financing round was led by Shenzhen Qianhai FOF, with Guangdong Baolong Asset Management Co., Ltd. and Bojiang Capital participating as investors. The company plans to use the funds to build smart advertisement systems to increase its revenue, as well as expand its team, and invest in market expansion.
(Top photo from Halove.com)