Chinese operating system (OS) startup Uniontech Software Technology is set to receive nearly 800 million yuan ($110.6 million) in an equity financing round, according to a regulatory filing.
Beijing Jiashu Investment plans to inject 500 million yuan ($69.1 million) into Uniontech as part of the firm’s Series B financing round. Post financing, the firm’s stake in Uniontech will increase from 15.96% to 23.08%, per the filing dated March 26.
Meanwhile, the Beijing Information Industry Development Investment Fund — a fund that is majority-owned by the state-backed Beijing Municipal Government Investment Guidance Fund — plans to pump in 300 million yuan ($41.5 million) through the extended Series B round of the OS firm, which would result in a 3.61% stake post-money.
Founded in 2019, Uniontech is the firm behind the Unity Operating System, which seeks to replace Microsoft Windows as the country aims to reduce its reliance on foreign tech.
Previously, the Beijing-based firm sealed its Series A round in December 2020 led by state-owned investment firm Beijing E-Town International Investment & Development.
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DealStreetAsia has also compiled a table listing all prominent venture capital transactions in Greater China from March 25 – 31, 2024.
