Hangzhou-headquartered smart blockchain services developer Yunphant Blockchain has closed its Series B round of financing, raising a corpus of over 100 million yuan ($15 million), it said on Thursday.
The round was led by Fosun Fanyi Fund, a sub-fund of Chinese conglomerate Fosun International. Return investor Shenzhen Capital Group along with new backer Hangzhou Hotland Development Fund also participated in the fresh round, the investee said in a WeChat post.
Yunphant will invest the proceeds for business development, talent recruitment, technology innovation and digital finance.
Set up in 2014, the startup offers AI-driven blockchain infrastructure services that can help protect security for digital finance.
Yunphant’s other investors include Hyperspace Capital, Granview Asset Management, Zhejiang Yongxi Asset Management and WI Harper Group.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on May 26 – 27, 2021.
