Global e-commerce SaaS platform Dianxiaomi announced on August 16 its completion of round-D financing totaling $110 million, led by Sequoia China and Softbank Vision Fund II.
Sequoia China on August 15 announced the establishment of a new startup accelerator program called YUÈ, which provides exclusive systematic entrepreneurship courses and resources for Chinese entrepreneurs from angel-round to A-round financing.
RaysEngine, a real-time rendering engine technology provider, has completed a pre-A round of financing, jointly led by Smart Internet Industry Fund, Zhongyuan Qianhai Equity Investment Fund and Qilu Qianhai Venture Capital Fund.
Neil Shen, the Founding and Managing Partner of Sequoia China, has recently sold more Meituan shares, after previously reducing his holdings by 21.07 million shares and cashing out HK$3.9 billion ($496.86 million) in early July.
This week: Crypto investor Sequoia Capital China raises $9 billion, Chinese beauty app Meitu records up to $52.3 million in net losses amid crypto market crash, Animoca Brands leads $32 million funding round for Web 3.0 gaming company Planetarium Labs, and more.
Prominent investment institution Sequoia China launched its first digital virtual employee, named Hóng, on July 11.
Sequoia Capital’s China affiliate has raised new funds totaling about $9 billion, to be used for investments in technology and healthcare. The firm received more than $12 billion in a 50% oversubscribed round.
Enpower Greentech, a solid-state battery innovation enterprise, announced on Thursday that it has raised $20 million in a Series-A+ round of financing led by Sequoia China and Dayone Capital.
Timecho, an industrial internet of things (IoT) service provider, announced on Wednesday that it has completed an angel round of financing worth nearly 100 million yuan ($14.92 million). This round was led by Sequoia Capital China.
Neptune Robotics announced on Friday it has completed round-A financing totaling 100 million yuan ($15.4 million). The leading investor was Sequoia China, while co-investors were Matrix Partners and SOSV.
Sequoia China announced Thursday that it has led round-A investment in DESTREE, a Paris-based fashion and accessories brand. The specific financing amount was not disclosed.
On Tuesday, Forbes released The Midas List of the top-performing investors from around the World in 2022. Neil Shen, the founding and managing partner of Sequoia China, ranked third in the world.
Neil Shen, the founding and managing partner of Sequoia Capital China and director of food delivery giant Meituan, had recently reduced his share holdings in the food delivery company.
Jinghai Technology, a SaaS solution provider in China, announced on Wednesday that it had completed an angel round financing worth tens of millions of yuan, led by Matrix Partners and Sequoia Capital China.
METiS Therapeutics, a firm focused on the development of an AI-driven drug discovery and delivery platform, announced on Wednesday that it has completed two consecutive rounds of financing totaling $150 million.