1. Hangzhou-Based Crowdfunding website Kaistart announces 33.5 million yuan ($5.2 million USD) Series A
Crowdfunding website Kaistart announced a 33.5 million yuan ($5.2 million USD) series A funding round. The investment involved capital from Meridian Capital China, Tipping Point Partners, Jiusui Capital, and Zhejiang Wenchuang Group.
Kaistart is a crowdfunding platform for people to post personal projects, including films, books and small business ideas. Based in Hangzhou, Kaistart currently only has more than 50 crowdfunding projects on their platform, but has a 95% funding success rate.
2. Beijing-Based Emubao Snaps 30 Million Yuan ($4.6 million USD) Series A round funding
Following other ‘sheep husbandry’ startups in China, such as Renrenmu and Yunlianmuchang, Emubao closed a 30 million yuan ($4.6 million USD) series A.
Emubao partners with sheep farms allowing users to buy a sheep with 1000 yuan and monitor the state of the sheep any timeas it grows and is then sold. Users can obtain approximately 15% profit in one cycle of 120 days while the sheep farm has more funds to scale up.
3. Shenzhen-based Smartwatch-Controlled Drone Maker Flypro Aerospace Tech Announces 80 million Yuan ($12.4 Million USD) A Series
Smartwatch-controlled drone maker Flypro Aerospace Tech announced an 80 million yuan ($12.4 million USD) series A round funding led by Yihua Group.
Founded by enthusiast Warren Zhou, Flypro Aerospace Tech developed XEagle, a drone that has an automatic-follow function at 330 feet or 100m distance as well as a tracking photo shot function. The Xwatch can control the drone as it takes off or lands and adjust the flight speed.
Based in Shenzhen, the company involves advanced flight control systems, visual positioning systems and sonar technology.
4. Shanghai-based VR company GDI Announces 100 Million Yuan ($15.5 Million USD) Series B round funding
5-year-old Shanghai-based VR company GDI announced a 100 million yuan ($15.5 million USD) series B, led by several securities dealers, professional investment institutions and listed companies. The company said it will go public end of this year in China.
GDI is developing an immersive VR system-based solution for high-end manufacturing, national defense, and higher education sectors. The company’s independent R&D developed several product lines, including G-Magic VR interactive system, the G-Bench virtual workstation, the DVS3D VR software, and the G-Motion movement capturing system.
Image Credit: Kaistart, Emubao, FlyPro, and GDI