Our weekly column summarizes the tech financing highlights in China this week.
China’s car ownership has experienced an 11 percent increase over the previous year, only second to the United States. That number is expected to surge by eight percent every year to reach 280 million by 2021. With the increase of cars in China, the lack of parking lots has become a severe problem. This has opened new opportunities for the parking industry. This week a parking management startup called Sunsea Parking landed a USD 227 million financing round from the US-based venture capital firm, Warburg Pincus.
Parking management startup Sunsea Parking receives USD 227M for Series A
Sunsea Parking
Founder: Yan Liang
Founded in: 2006
Financing status: RMB 1.5 billion (USD 227 million) for Series A financing in 2017
Parking management startup, Sunsea Parking, received USD 227 million for Series A on November 29 for market expansions.
Intelligent logistics startup Whalehouse receives USD 15M for Series B from Baidu
Whalehouse
Founder: Li Linzi
Founded in: 2012
Financing status: RMB 100 million (USD 15 million) for Series B financing in 2017
Intelligent logistics startup, Whalehouse, received USD 15 million for Series B from Baidu on November 24 to spread its intelligent automated warehouse solutions.
Precision medicine startup 3DMed receives USD 120M for Series E
3DMed
Founder: Simon Shung
Founded in: 2010
Financing status: RMB 670 million (USD 120 million) for Series E financing in 2017
Precision medicine startup, 3DMed, received USD 120 million for Series E on November 23 for the R&D of new precision medicine solutions.
Unmanned convenience store Guoxiaomei receives USD 45M for Series C
Guoxiaomei
Founder: Yan Limin
Founded in: 2017
Financing status: RMB 300 million (USD 45 million) for Series C financing in 2017
Unmanned convenience store, Guoxiaomei, received USD 45 million for Series C on November 23 for market expansions.
Medical imaging startup Campo Imaging receives USD 15M for Series A
Campo Imaging
Founder: Sun Zhaochang
Founded in: 2010
Financing status: RMB 100 million (USD 15 million) for Series A financing in 2017
Medical imaging startup, Campo Imaging, received USD 15 million for Series A on November 24 to develop the artificial intelligence (AI) sector with its medical imaging technology.
Auto financial services platform Chedaidai receives USD 9M for Series A+
Chedaidai
Founder: Gao Jiaxi
Founded in: 2016
Financing status: RMB 600 million (USD 9 million) for Series A+ financing in 2017
Auto financial services platform, Chedaidai, received USD 9 million for Series A+ on November 27 to build an ecosystem of auto financial services.
Medical big data startup SYNYI.AI receives USD 8M for Series A
SYNYI.AI
Founder: Zhang Shaodian
Founded in: 2016
Financing status: RMB 55 million (USD 8 million) for Series A financing in 2017
Medical big data startup, SYNYI.AI, received USD 8 million for Series A on November 27 to invest in market expansion plans.
Power bank sharing startup Futejia receives USD 45M for Series A
Futejia
Founder: Ding Minglei
Founded in: 2017
Financing status: RMB 300 million (USD 45 million) for Series A financing in 2017
Power bank sharing startup, Futejia, received USD 45 million for Series A on November 28 to further invest in the R&D of new products.
O2O smartphone repair service startup Shanxiuxia receives USD 15M for Series B
Shanxiuxia
Founder: Wang Yuan
Founded in: 2015
Financing status: RMB 100 million (USD 15 million) for Series B financing in 2017
O2O smartphone repair service startup, Shanxiuxia, received USD 15 million for Series B on November 28 to build an on-site smartphone repair ecosystem.
Fresh distribution platform FreshMart receives undisclosed Series A
FreshMart
Founder: Pan Wenwei
Founded in: 2014
Financing status: Undisclosed Series A financing in 2017
Fresh distribution platform, FreshMart, received an undisclosed Series A financing round on November 29 to introduce new retail operational modes.
(Top photo from 699pic.com)
