China VC Weekly: Social networking for seniors, unmanned retail services and more

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As China emerges from the week-long Lunar New Year hiatus, local venture capital institutions have announced several major new deals. Among them: social networking platform for seniors Hongsong raised $100 million Series A+, while Feng E Zu Shi, an unmanned retail company, pocketed $47 million. dollars. Learn more below.

Social NOTnetworking Pplatform for RHongsong pensioners Rearn $100 Mmillion in A+ series Ffinishing Rround

Chinese startup Beijing Hongsong Online Technology, which operates a social networking site for retirees called “Hongsong”, has raised nearly $100 million in a Series A+ funding round.

The round was led by Bertelsmann Asia Investments. It was also joined by existing investors CCV, Matrix Partners China and BlueRun Ventures.

About Hong Song

Founded in 2019, Hongsong focuses on meeting the needs of the country’s elderly people who have retired. It aims to tap into China’s expanding demographic groups who have free time, purchasing power and a better quality of life than previous generations of senior citizens.

Unstaffed retail service business Feng E Zu Shi” Secures $47M in Round Funding

Chinese unmanned retail operations company called Feng E Zu Shi announced the completion of round A financing totaling 300 million yuan ($47 million). The lead investor is SoftBank Ventures Asia, while co-investors are CICC Cultural Consumption Industry Equity Investment Fund under CICC Capital and Shenzhen Capital Group.

After this financing round, Shenzhen Mingde Holding Development Co., Ltd., which is also the majority shareholder of the major Chinese logistics company SF Holding, and SoftBank Ventures Asia are the two main shareholders. The funds are primarily intended to accelerate scale and growth, improve operational efficiency and improve service quality.

About Feng E Zu Shi

Feng E Zu Shi was incubated by SF Express in 2017. As a sales service provider, it targets white-collar workers in offices, offering breakfast, afternoon tea, snacks and drinks. other drinks. It has expanded consumer scenarios from offices to semi-open spaces such as logistics parks, mass-creation spaces, factories, government agencies, schools, and hospitals.

Industrial robot company Rokae wins $63 million in strategic funding

Beijing-based robotics company Rokae recently secured 400 million yuan ($63.16 million) in strategic funding, according to tech news outlet 36Kr. The investor in this round is New Hope Group, an agribusiness company.

In the field of auto parts, Rokae has already served Valeo, Schaeffler and other well-known leading manufacturers in the global automotive industry.

About Rokae

Founded in 2015, Rokae’s products are mainly high-performance industrial robots and flexible cooperative robots. Based on these flexible cooperative robotic products, Rokae can provide users in the automotive and 3C fields with services that meet high refinement requirements, such as installing chips with mechanical arms.

For medical customers, the company’s flexible cooperative robot has achieved joint replacement surgery, teleoperation and remote ultrasound applications. It has entered into cooperation with more than 20 leading medical companies which develop surgical robots. Additionally, Rokae began exploring the coffee and retail industries, providing services such as latte art, ice cream, and milk tea making with robots.

SEE ALSO: Rokae, an industrial robot company, wins $63 million in strategic funding

Self-driving Truck Supplier Qingtian Concludes Angel Funding Round

Qingtian Truck Technology, a self-driving truck company, recently announced the completion of angel financing worth nearly $10 million, led exclusively by 5Y Capital. Funds raised in this round will be used primarily to help the company expand its team and road test its self-driving vehicles.

The two founders of the company are Pan Zhenhao, the former technical director of PonyTron, the truck business of Pony.ai, and Sun Youhan, the former head of PonyTron’s planning and control team in the States. -United. 5Y Capital was the lead investor in Pony.ai’s A round of funding.

About Qingtian truck technology

Founded in November 2021, Qingtian Truck Technology is a startup dedicated to the R&D of automated truck driving technology and transportation logistics. Currently, the company has 20 employees, all of whom have extensive experience in automated driving.

Zhipu Technologies completes A and A+ rounds of Funding

Recently, Zhipu Technologies announced that it has secured several hundred million yuan under Round A and Round A+ financing agreements. Round A included exclusive investment from Chengwei Capital while Round A+ was led by GL Ventures and followed by Chengwei Capital. These two rounds of funding will be used in the future for product research and market development in the field of spectral vision.

The founding team of the company is from Nanjing University and Tsinghua University. Cao Xun, the founder of the company, has been dedicated to computational photography for many years, and the first theoretical achievements of PMVIS spectral video imaging have been published in the most influential journals and conferences in China and abroad. .

About Zhipu Technologies

Founded in 2018, Zhipu Technologies is a company specializing in spectral vision. The company relies on intelligent spectral imaging equipment and in-house developed spectral vision analysis systems to help end users overcome bottlenecks that could not be overcome in the past.

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