Hardware
Company: Orbbec (奥比中光)
Round: Series D, May 2018
Amount: over USD 200 million
Investors: Ant Financial, SAIF Partners, Green Pine Capital Partners, R-Z Capital and Tianlangxing Capital
Profile:
Orbbec designs and manufactures 3D sensors which power facial recognition, gesture recognition, 3D measurement and map reconstruction, etc.
The startup is founded in 2013 by a group of engineers and researchers. It launched Orbbec Persee 2015 and claimed it was the world’s first camera computer.
Big Data
Company: MCFLY (麦飞科技)
Round: Series Pre-A, May 2018
Amount: RMB 25 million (around USD 3.9 million)
Investors: Baidu Ventures, Elevation China Capital, Frees Fund
Profile:
Founded in December 2016, MCFLY provides farmers with disease and pest monitoring and targeted pest control services, using remote sensing and AI technology.
The number of orders in 2018 have already doubled that of 2017, while 80% of existing customers choose to buy services from MCFLY again.
Enterprise Services
Company: Chu Xin (厨芯)
Round: Series A, earlier in 2018
Amount: almost RMB 100 million (around USD 15.6 million)
Investors: Source Code Capital, Zhen Fund
Profile:
Founded in 2017, Chu Xin provides smart dish washers and IoT devices to restaurant owners. Zhen Fund had previously invested tens of millions of yuan in the startup in December 2017.
The startup allows restaurants owners to rent dish washers instead of buying them.
E-Commerce
Company: Baizu (白租)
Round: Series Pre-A, May 2018
Amount: millions of dollars
Investors: China Creation Ventures
Profile:
Founded in 2017, Baizu is an online B2C marketplace for users to rent anything from clothes to gadgets. The startup provides merchants on its platform with marketing tools and technical support.
According to Baizu, it has on average 200 orders per day, and the cost per customer is around RMB 1500 to 2000 (USD 234.8 to 313). The platform charges merchants 5% of total trade volume. There are currently over 300 merchants on the platform, offering over 5k SKUs.
Marketing
Company: vxiaocheng.com (每屏秀秀)
Round: Series Pre-A, May 2018
Amount: tens of millions of yuan
Investors: 51 Credit Card, Zhejiang Baoxiniao (浙江报喜鸟创业投资有限公司)
Profile:
Founded in 2016, vxiaocheng.com offers big screen-based marketing solutions to bars and pubs. According to the startup, it’s now providing its services to almost 10k clients in 190 Chinese cities.
The startup plans to use the fresh funds to do marketing and to improve its services, with a plan to expand to overseas markets in including Southeast Asia, Japan and Korea.
