Luxe.Co has launched “Luxe.Co China Investment Weekly” since 2016, reporting weekly updates on investment and financing in the China fashion and lifestyle industries. The updates cover fashion, beauty care, food and dining, sports and fitness, hotel and travel, household products, culture and creativity, fashion technology and other related fields.
- Technology trendy brand TONOT raised tens of millions of yuan in Series A+ funding
Technology trendy brand Tonot announced on August 13th that they raised tens of millions of yuan in Series A+ funding. Investors include BAI (Bertelsmann Asia Investment Fund) and two internet companies. Founded in September 2017, Tonot aims to build a technology trendy brand combining technology and trends. At present, the brand has launched its first product – Tonot photo shooting glasses with the price of 1299 yuan. The glasses can take photos and videos and upload to APP to share. In addition, Tonot has partnered with Line Friends, Tencent short video to launch joint collections.
Food & Dining
- Matcha food brand Matchall (关茶) raised tens of millions of yuan in Series A funding
Matcha food brand Matchall announced on August 15th that they raised tens of millions of yuan in Series A funding in June 2018. The lead investor was Shunwei Capital. Meridian Capital also participated. Previously, Matchall raised tens of millions of yuan in Series Pre-A funding in March 2017. The new funding will be mainly used on store expansion and product development. Established in 2016, Matchall offers nearly 35 products including chocolate products, innovative desserts and healthy beverages. Matchall opened its first store in June 2017. Currently the brand has opened 6 stores in Beijing. Over 70% Matchall customers are female. Over half customers are located in first-tiered cities. The online unit customer price is 100~120 yuan, and the repeated purchase ratio (within 2 weeks) is 40~50%.
- Japanese-style snack brand Kumnookina (云翁) raised tens of millions of yuan angel funding
Japanese-style snack brand Kumnookina announced on August 17th that they raised tens of millions of yuan in angel funding, led by Xinyi Capital under Jiuyicheng. The funding will be will be used mainly on store expansion and brand promotion. Established in November 2016, Kumnookina offers products including baked food, fried food, rice balls, ramen and so on. Currently the brand has opened 4 stores in Fujian. Kumnookina launches over 10 new products every season, and keeps 2-3 products with best customer feedback. From April 2018, the number of SKU has increased from 10 to over 30 products. The popular rice ball products have developed into 3 flavors.
- Co-sharing kitchen Panda Selected (熊猫星厨) raised tens of millions of US dollars in Series B funding
Co-sharing kitchen Panda Selected announced on August 15th that they raised tens of millions of US dollars in Series B funding. Lead investors include VKC partners and Gen Bridge Capital. DCM and World Bank also participated in the investment. The funding will be mainly used to expand stores and improve merchant service system. Panda Selected mainly serves takeaway catering brands. At the front end, Panda Select provides venues, kitchen automation equipment and water and gas resources. At the back end, Panda Selected provides brand incubation, operation and data analysis services. At present, Panda Selected has more than 80 stores and has cooperated with more than 500 brands cumulatively, including Haidilao Hot Pot, Baman Beef Noodle, Kungfu, Luckin coffee and so on.
- Self-serve tissue retailer CHUZHI (初纸) raised tens of millions of yuan in Series A funding
Self-serve tissue retailer Chuzhi announced on August 15th that they raised tens of millions of yuan in Series A funding. Shuidishi Fund is the lead investor. Sumaite Smart Technology and some previous shareholders also participated in the investment. Established in November 2016, Chuzhi offers products in cabinet-type and wall-mounted machines, mainly located in restaurants, shopping malls, stations, tourist sites and so on. Chuzhi has over 5000 outlets in over 30 cities currently.
- Machine vision service provider Clobotics (扩博智能) raised USD 11M in Series A++ funding
Machine vision service provider Clobotics announced on August 15th that they raised USD 11M in Series A++ funding. Lead investors include Nantian Yingfutaike Capital and China Net Center. Previously, Clobotics raised USD 5M in Series A+ funding in early 2018. The funding will be mainly used on product development and market expansion. Founded in November 2016, Clobotics focuses on computer vision and machine learning technologies. Application scenarios include retail and the wind power industry. In the retail industry, Clobotics provides AI assistant, Smart Retail, helping brands identify product and shelf occupancy ratio and shortage status. Currently cooperation partners include Sephora, P&G, Coca-Cola, COFCO and so on.
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| Chinese reporter: Jiaqi Wang
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