Deals | Deal book: Ant Financial invests in car-sharing startup Like; VR startup Aurovis aims to provide affordable VR and 360-degree cameras

Investments in transportation, consumer, media, enterprise services, e-commerce, and VR.

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Deals | Deal book: Ant Financial invests in car-sharing startup Like; VR startup Aurovis aims to provide affordable VR and 360-degree cameras

Transportation

Company: Like Chuxing (立刻出行)

Round: Series B, May 2018

Amount: Undisclosed

Investors: Ant Financial, Legend Capital, K2VC, BlueRun Ventures

Profile:

Founded in May 2017, Like Chuxing provides car-sharing services to its app users in six Chinese cities including Guangzhou, where 80% of residents in the city could find a Like car for sharing within 500 meters, according to the startup.

Following the investment, Ant Financial and Like Chuxing are going to partner in membership management, credit scoring system, financial services, payment and risk management.

 

VR

Company: Aurovis (裂石影音)

Round: Series Pre-A+, May 2018

Amount: over ten million yuan

Investors: F&D Assets

Profile:

Founded in 2016 in Shenzhen, Aurovis aims to provide affordable VR and 360-degree cameras to both professional and amateur consumers. According to AR/VR M&A adviser Digi-Capital, the market for VR content-generating tools is expected to reach US$2 million in the next three years.

Aurovis’s Chairman of the Board and Chief Scientist, ZHAN Wuzhou, previously worked for Huawei for 17 years.

 

Consumer

Company: Caibeike彩贝壳

Round: Series A, December 2017

Amount: US$ 10 million

Investors: Banyan China, Mafengwo

Profile: Founded in October 2014, Caibeike is an app that allows parents to book event spaces for their children. Caibeike’s services are available in 12 Chinese cities.

According to the company, the market for Children’s indoor playground amounted to RMB 300 billion (approx. US$47.2 billion) in 2017, up over 15% YOY.

 

Media

Company: Tiantian Xuenong (天天学农)

Round: Series Pre-A, May 2018

Amount: around RMB$ 10 million (approx. US$1.6 million)

Investors: Matrix Partners China

Profile:

Started in July 2017, Tiantian Xuenong is an online platform that aims to impart agricultural knowledge to young farmers in China. Its content is now available on its app and WeChat official account.

The startup claims to have 100k registered users, and over 20% of them are paying for its content.

 

Enterprise services

Company: Poq

Round: Series B, May 2018

Amount: £9.5 million (approx. US$ 12.9 million)

Investors: Smedvig Capital, Beringea, and Revolt Ventures

Profile:

Based in London, Poq provides a SaaS platform which helps retailers launch and maintain shopping apps. The startup counts big retailers like House of Fraser and Holland & Barrett as clients. Poq claims with its help, retailers can launch their app faster and easier.

The new funding will boost Poq’s growth in the U.K. and Europe. It also plans to open offices in the U.S..

 

E-commerce

Company: Au32.cn(黄金管家)

Round: Series B+, May 2018

Amount: tens of millions of yuan

Investors: ZHLSY (深圳市众恒隆实业有限公司)

Profile:

Au32.cn is an online platform for gold trading and investment. Founded in 2015, the platform allows users to buy and sell gold on its platform, and it recently launched a blockchain-based product that allows users to track information about ownership of the gold.

The startup seeks to improve the transparency in gold trading and to facilitate the trading process.