The Venture Codex

Led · Series A · Oct 2024

Founded in 2016, AutocloudPro began as a vehicle damage assessment platform and has since pivoted into a B2B auto parts, big data and supply-chain platform. The company provides a smart cloud platform that enables car repair shops to search for and purchase auto parts by entering a vehicle identification number (VIN). Using the system, users can receive a price quote within 15 minutes compared with up to three days via traditional services. The platform focuses on speeding parts sourcing and improving distribution efficiency for repair shops. The company recently completed a financing that strengthens its financial position to support its B2B sales and distribution operations. 车通云 provides an integrated B2B auto‑parts solution combining front‑end interfaces for insurers, 4S dealers and repair shops with backend ERP, order routing and logistics to manufacturers and distribution centers. Founded in 2015 as a vehicle damage‑estimation platform, it expanded in 2016 into B2B SaaS/ERP and parts trading, operating a zero‑inventory 'commodity cloud warehouse' fed by manufacturers. The platform supports VIN‑based part lookup, automated SKU shelving and automatic dispatch of orders to factories and logistics centers. Operational scale includes about 400 employees, connections to roughly 3,000 factories and suppliers, a cloud‑warehouse SKU pool of 400 million items, 25 million on‑sale parts and over 50,000 repair‑shop clients across 22 provinces, 4 municipalities and 211 cities. Approximately 60% of orders come from insurance companies, and the platform supplies parts directly to multiple top‑10 insurers. Planned uses of funding include channel expansion, team building, technology upgrades, development of an AI‑based damage‑estimation platform using 3D scanning/image recognition/OCR, establishment of a dedicated supply‑chain finance company, and accelerated store expansion (100 new direct stores planned in 2018).

Participated · Series D · Aug 2018

Moviebook is identified in the article as a technology company. Chinese private equity firm Yao Capital injected $29.2 million into Moviebook, per the DealStreetAsia China Digest. The coverage describes the transaction as an injection by a private equity firm but does not specify whether the funds were equity, debt, or another instrument. The article provides no details about Moviebook's product offerings, business model, or strategic plans. No operating metrics (revenue, users) or intended use of proceeds were disclosed. The piece also does not mention Moviebook's founding year, location, or prior funding rounds. Moviebook is a Beijing-based startup that develops technology to support online video services. It aims to leverage vast amounts of broadcasting, TV and internet video data to enable commercial opportunities for entertainment customers. The company will collaborate with SenseTime on a range of AI technologies, including augmented reality, to increase the use of AI in the entertainment industry. Financially, Moviebook completed a ¥1.36 billion (US$199M) Series D led by SenseTime. Previously it raised a ¥500 million Series C in 2017 (around US$75M). Other participants in the Series D included SB China Venture Capital (SBCVC), Qianhai Wutong, PAC Partners, Oriental Pearl and Lang Sheng Investment.

Participated · Equity · Mar 2016

CLEARink is developing the world’s first color- and video-capable ePaper 2.0 displays using its patent-protected TIR reflective-display technology. Its displays aim to offer very low power consumption, sunlight readability, color/video representation and improved eye-health and environmental benefits versus LCDs. Target applications include tablets, laptops, wearables, IoT displays, electronic shelf labels, outdoor signage and automotive. The company was founded in 2012 and is headquartered in Fremont, California. CLEARink has raised over US$25 million in financing from strategic investors such as M Ventures and Lenovo Capital. Lenovo has invested in CLEARink, joined its board and commenced joint development to build next-generation tablet devices using CLEARink’s technology. Clearink Displays develops reflective, ultra-low-power displays based on Total Internal Reflection (TIR) combined with single particle electrophoretic technology. Its displays are thin as paper, feather light, sunlight readable, and capable of color and video. Targeted applications include eSchoolbooks, wearables and other mobile devices, and electronic shelf labels (ESLs). The company closed a $5M Series C round that was half subscribed. The funding will enable Clearink to complete trial manufacturing and commence mass production next year. Clearink was founded in 2012 and is led by CEO Frank Christiaens in Fremont, California. CLEARink develops patented reflective display technology aimed at electronic shelf labels (ESLs), wearables, and mobile devices. The company plans to expand Joint Development Agreement (JDA) efforts with partners and to launch its first mass-produced product. CLEARink is developing an ultra low-power, full-color display roadmap capable of running full-motion video content. Financially, the company closed a second round of funding of $7M and has raised more than US$10M in total financing to date. It intends to raise an additional $6M in the next four months to support development and commercialization. CLEARink was founded in 2012 and is led by CEO Frank Christiaens.