New fundings in China on May 13, 2017

Insurancebox (保险盒子), a 1-year-old, Hangzhou-based online insurance service platform, has raised RMB 14 million in Series Pre A funding led by Codi Capital (科地资本), with participation from JadeValue.

Jike Lianmeng (吉刻联盟), a 1.5-year-old, Shanghai-based online catering company, has raised several million RMB in Series Pre-A backed by LinkView Fund (洪晟观通基金).

New fundings in China on May 15, 2017

Jianke (健客), a 10-year-old, Dongguan-based B2C medicine e-commerce platform, has raised US$ 50 million in Series A+ funding from investors including Asia-Pac eCommerce, Yungpark Capital (永柏资本PGA Ventures) and Volcanics Venture (火山石资本).

Wacai (挖财), an 8-year-old, Hangzhou-based internet financial service platform, has raised US$ 42 million in a strategic investment led by China Development Bank Capital (国开金融), with participation from CBC Capital (宽带资本), New Horizon Fund (新天域资本), Qiming Venture Partners (启明创投) and Huiqiao Capital (汇桥资本).

YITU Technology (依图科技), a 4.5-year-old, Shanghai-based computer vision startup that operates a cloud-based visual recognition engine enabling computers to detect and recognize faces and cars, has raised RMB 380 million in Series C funding led by Hillhouse Capital Group (高瓴资本集团), with participation from YF Capital (云锋基金), Sequoia Capital (红杉资本), Banyan Fund (高榕资本) and ZhenFund (真格基金).

Ruigushop (锐锢商城), a 3.5-year-old, Shanghai-based e-commerce platform for hardware, industrial Materials, mechanical parts as well as power and tools, has raised nine-digit RMB in Series B funding led by Chengwei Capital (成为资本), with participation from Source Code Capital (源码资本).

Zike (自客), a 9-month-old, Guangzhou-based online freelance platform, has raised eight-digit RMB in Series A funding led by Volcanics Venture (火山石资本), with participation from Banyan Capital (高榕资本).

Babel Technology (分音塔科技), a 10-month-old, Beijing-based AI language translation platform, has raised eight-digit RMB in an angel round backed by DFGS (东方国狮).

Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.

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