Chinese semiconductor player InventChip Technology Co., Ltd has closed its Series A+ and Series A++ rounds raising ‘tens of millions of US dollars’.
Lightspeed China Partners, CMC- SDIC Capital, and Xiaomi Industry Investment led both the rounds, per a company statement on Tuesday.
CATL, GAC Capital, GF Xinde Investment, Sunic Capital besides return backer Sunic Capital joined the round.
The company will use the proceeds for market expansion, talent pool management and working capital needs.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on November 01-03, 2021.
