Participated · Series B · Jun 2022

BangBang Robot develops intelligent assistive mobility robots and consumer-grade mobility devices that integrate IoT and AI to improve safety, intelligence, and environment adaptability for users with mobility difficulties. Its product lineup includes intelligent assisted mobility robots and consumer-grade mobility robots, together with a remote rehabilitation training system that connects users, families, and medical professionals. The company has built two core platforms — a robot intelligent network system and a remote rehabilitation service platform — and reports more than 110 patents, including three international invention patents, with key components such as motors, control systems, and omni-wheels developed in-house. Since launch its products have entered nearly 20 countries across five continents and cumulative sales have exceeded 10,000 units. The company says it will use the new funds to accelerate production of several in-development products and to expand overseas market presence. BangBang also plans B2B deployments in airports and park/campus scenarios while further developing its rehabilitation service ecosystem.

Participated · Series E · Dec 2020

Huolala Technology is a Shanghai-based on-demand trucking services provider that handles intra-city and cross-city freight, corporate logistics and moving services, less-than-truck-load deliveries, and car rentals and sales. Founded in 2013, the company operates in 352 cities on the Chinese mainland, connects 480,000 drivers, and serves 7.2 million monthly active users. This year the coronavirus outbreak hit its business severely, with orders at one point down 93% year-over-year, though orders recovered to log 82% growth before China’s National Day holiday in October. Huolala has developed smart solutions such as AR Goods Recognition and Anxinla using augmented reality and deep recognition technology. The company says it will use new funds to expand business in a sinking market and pursue a diversified business layout and logistics intelligence. It completed a USD515 million E-round led by Sequoia Capital China. Huolala Global Investment Limited is presented in the article as an investment vehicle with stakes in the EasyVan, lalamove and Huolala brands. The article reports the firm secured a Series A investment of US$10 million. No details on the company’s core products or services beyond those brand investments are provided. The report does not disclose operating metrics such as revenue or user counts. No valuation, use of proceeds, or investor names are included in the article. Additional corporate details such as founding year or headquarters are not given.

Participated · Series B · Oct 2019

XTransfer provides SMEs with cross-border financial services—including free, swift opening of collection accounts, currency exchange, and FX settlement—designed to meet banks' AML and compliance requirements. The company aims to offer services on par with those available to multinational corporations, targeting smaller B2B-focused exporters. It has expanded internationally with offices in Hong Kong, the United Kingdom, Canada, the United States, Japan, Australia, and Singapore. XTransfer plans to use new capital to upgrade products and services, continue investing in big data and artificial intelligence, and boost its AML risk management. Management also intends to attract more talent and expand into additional overseas markets. No operating metrics (revenue/users) were disclosed in the articles. XTransfer operates a global financial network providing cross-border and local collection, payments, foreign exchange, lending and treasury management solutions for Chinese SMEs engaged in foreign trade. Founded in May 2017 by CEO Bill Deng, the company has established branches and relevant licenses in Hong Kong, the UK, Canada, the United States, Japan and Australia. XTransfer completed a $15M Series B-1 financing led by the eWTP Fund with participation from China Merchants Venture Capital, 01VC, Yunqi Partners and Gaorong Capital. The company intends to use the proceeds to expand its global financial network, pursue licensing in multiple countries, upgrade its team and technology, and increase marketing. The product set is focused on enabling cross-border commercial flows and treasury management for China-based exporters and importers. XTransfer is a cross-border financial technology company that provides offshore financing solutions and services including global collection, payments, foreign exchange and wealth management for China’s small and medium importers and exporters. Founded in May 2017 and headquartered in Shanghai, it has offices in Hong Kong, the U.K., Canada, Japan and the U.S. The company offers virtual sub-accounts launched with DBS Hong Kong and a product called "XForward" to help buyers lock exchange rates and quote prices in local currencies. XTransfer serves more than 10,000 customers and recently obtained a payment license in the U.K. It is building an open platform for international trade financial data to enable grassroots financial infrastructure such as microfinance for financial institutions and plans to expand its services to markets including the Philippines, South Korea and Taiwan. Management comprises five founders from Ant Financial and Alibaba, and the company uses technology for risk control and anti-money-laundering verification.