Tech Financing in China this week – The emergence of genomic information businesses

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.

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Photo from 699pic.com

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.

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Photo from 699pic.com

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.

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Photo from 699pic.com

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.

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Photo from 699pic.com

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.

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Photo from 58pic.com

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.

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Photo from 699pic.com

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.

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Photo from Baidu Images.

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.

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Photo from 699pic.com

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.

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Photo from 58pic.com

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.

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(Top photo from 699pic.com)

Kaikai Shi
Kaikai Shi

Kaikai Shi runs the Tech Financing columns for us. He holds a bachelor's degree in Biotechnology at Zhejiang University. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process. Write to him: kai[at]alltechasia.com

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