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July VC Trend: Chinese Startups Top Deal List, LPs Active In Direct Investing

by trusted insight posted 5years ago 7021 views

In July big venture dollars flowed into Chinese startups (again!) - at an even bigger scale than previous months. Among the top 10 VC deals made during the month, six were China-based startups.

Babytree, a “one-stop shop” parenting website founded in 2007, raised a late-stage venture round of $448 million from venture capital firms Matrix Partners China and Shenzhen Qianhe Capital Management. Local media reported that the company is currently valued at RMB 5.2 billion (USD $780 million) and is likely to file for IPO this year.

Among early-stage deals, Shanghai-based biopharmaceutical startup CStone Pharmaceuticals raised a colossal $150 million series A from a consortium of venture investors.

July’s top deal list also saw an uptick in LPs’ direct investing into startups. Singapore’s Temasek Holdings, which has been active in the direct investing space lately, co-led a $105 million series F with Intel Capital in New York City-based social network startup Sprinklr. Alaska Permanent Fund, the largest state sovereign wealth fund in the U.S., invested $100 million in Indigo Agriculture, a boston-based plant science startup.

Here are the 10 biggest venture capital deals in July:

1) Investors: Matrix Partners China, Shenzhen Qianhe Capital Management
Startup: Babytree
Location: China
Industry: Parenting, E-Commerce, Social Network Platform
Funding Amount: $448 million

2) Lead Investor: Rocket Internet
Startup: Global Fashion Group
Location: Luxembourg
Industry: E-Commerce
Funding Amount: $368 million

3) Investors: Boyu Capital, Oriza Seed Capital, WuXi Healthcare Ventures
Startup: CStone Pharmaceuticals
Location: China
Industry: Healthcare
Funding Amount: $150 million, Series A

4) Investors: Banyan Capital, Cathay Innovation, New Horizon Capital, Tencent Holdings
Startup: Pinduoduo
Location: China
Industry: E-Commerce
Funding Amount: $110 million, Series B

5) Lead Investors: Temasek Holdings, Intel Capital
Startup: Sprinklr
Location: United States
Industry: Social Network Platform
Funding Amount: $105 million, Series F

6) Investor: Alaska Permanent Fund
Startup: Indigo Agriculture
Location: United States
Industry: Agriculture, Plant Science
Funding Amount: $100 million, Series C

7) Lead Investor: CDH Investments
Startup: UBTECH Robotic Corp
Location: China
Industry: Artificial Intelligence
Funding Amount: $100 million, Series B

8) Lead Investor: Focus Media
Startup: Sport of the Heroes
Location: China
Industry: Video Gaming
Funding Amount: $81 million

9) Lead Investors: Kleiner Perkins Caufield & Byers, Western Digital
Startup: Upthere
Location: United States
Industry: Cloud Storage
Funding Amount: $77 million

10) Lead Investor: Sequoia Capital
Location: China
Industry: Communication Platform
Funding Amount: $70 million

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