The financing news reported by the “Venture Channel”, as well as early-stage entrepreneurial projects in various fields that we are focusing on.

Author: Jing Wen

Please check the venture capital daily report on October 22. The Venture Capital Daily contains the financing news reported by the “Venture Capital Channel” today, as well as the early start-up projects in various fields we are paying attention to, enjoy!

Education

Financing disclosure:

  • First launch|B-end business growth exceeded 100%, Xiaoyang Education received over 60 million yuan in B+ round financing

It was learned that Xiaoyang Group officially announced the completion of a B+ round of financing of more than 60 million yuan. This round of financing was led by a well-known investment institution, and the old shareholders Amoeba Capital and Yunqi Capital followed the investment.

Xiaoyang Group positions its core product strategy as “three ones”, namely one PaaS service, one data center, and one application ecology: “one PaaS service” It refers to the professional and open course scheduling service. The product is specially designed for course scheduling. It provides open source scheduling tools and Open API documents for calling the course scheduling service; “One data center” refers to the highly integrated data center product, through the data center Station, the school can realize data integration, efficiently tracing teacher portraits, student portraits, course portraits, school portraits; “an application ecology” is multi-intelligence smart education ecology integrates excellent products in the industry by creating an open platform and data center.

Click here for details:https://36kr.com/p/933693905487753

Corporate Services

financing disclosure

  • Focus on serving medium and large customers, HRSaaS vendor “Win Win Cloud” received tens of millions of Pre-A rounds of financing

It is learned that the integrated HRSaaS service provider “Win Win Cloud” has received tens of millions of Pre-A rounds of financing from Lianchuang Capital.

“Win Win Cloud” adopts the cloud-based HRSaaS platform, with the help of mobile and intelligent digital technology, focusing on hundreds to tens of thousands of people In the medium-sized and above-scale enterprise market, it provides an integrated core human HRSaaS solution based on the PaaS platform that supports customization, covering functional modules such as organizational personnel, schedule and attendance, salary management, and performance management.

Click here for details: https://36kr.com/p/935130199710599

Project report

  • Started with scheduling and attendance, and extended to the performance and salary field, “Wooqu Technology” announced a new strategy for modular development

It was learned that “Wow Fun Technology” recently officially announced new products and development strategies, and launched a series of new products including Payroll and CoreHR. The overall product direction will be modular.

In 2020, Woqu Technology also launched new modules including Payrol and CoreHR. In this year alone, the number of customers served by Woqu Technology’s work schedule and attendance + CoreHR + Payroll products has exceeded 1,000, and sales have doubled from last year. It is expected that a period of large-scale growth is coming.

Click here for details: https://36kr.com/p/930991328233859

Medical

Project report

  • Focusing on the research and development of First-in-Class innovative drugs, “Qingyun Ruijing” uses the life science underlying technology MicroED to solve the problem of new drug discovery p>

Qingyun Ruijing (ReadCrystal) is a high-tech biomedical company based on the cutting-edge structure analysis technology MicroED combined with artificial intelligence drug screening technology to provide structure analysis and new drug discovery services for innovative drug research and development. It has received investment from Jiuhe Venture Capital Angel round financing of tens of millions of RMB.

The “MicroED technology-based drug discovery platform” developed by “Qingyun Ruijing” is composed of MicroED platform, drug screening platform and AI computing platform. It can make full use of the structure analysis capabilities of MicroED technology to provide a large amount of high-quality data and combine The advantages of experiments and calculations help to overcome important targets that are currently difficult to become drugs, develop First-in-Class innovative drugs, and greatly reduce the development cycle and cost. At the same time, “Qingyun Ruijing” is currently the only company in the world that has established a drug discovery platform with MicroED technology as its core.

Click here for details: https://36kr.com/p/932392811006339

Consumption

financing disclosure

  • The beauty brand “SUGAR Cosmetics” has received US$2 million in financing, and its revenue has increased by 6 times in the past two years.

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The beauty brand “SUGAR Cosmetics” received US$2 million (approximately 146 million rupees) in debt financing. This round of financing was led by Stride Ventures.

“SUGAR Cosmetics” was established in 2012 and is headquartered in Mumbai, Maharashtra, India. It provides a series of products ranging from cosmetics to daily skin care products. At present, it has opened more than 2,400 branches in more than 130 cities in India, and has both online and offline services.

It is understood that the revenue of “SUGAR Cosmetics” has increased 6 times in two years. As of March 2020, the company’s net sales reached 1.05 billion rupees. Last year, its net sales were 57.14 billion rupees.

Click here for details: https://36kr.com/p/933604757424003

  • “Wenjiuhui” received tens of millions of A round of financing to build a new all-liquor retail platform

It is learnt that the new all-liquor retail platform “Wenjiuhui” recently received tens of millions of round A financing, led by Shenzhen Qianhai Xifu Investment Management Co., Ltd. Funds are mainly used for the development and upgrading of new retail platforms and the construction of supply chains.

“Wenjiuhui” uses a sharing economy model to bring about community fission, linking new retail scenarios to open up channels, and achieve user growth with low-cost self-selection and sharing profits.

On the one hand, use the “liquor + red wine” product system to open up all categories: the liquor unit includes Moutai, Wuliangye, Langjiu and other popular products on the market, it also has its own star brand “Platinum Dry Sauce” jointly developed with China Moutai; in the red wine unit, it holds many brand wineries such as France Lishi Chateau and Lao Mohan Shares, covering dozens of SKUs.

On the other hand, use online and offline layout + community fission to achieve user growth: online, self-built malls will launch apps in the near future; offline, use franchise methods to open stores, and use a variety of unmanned new retail sales Wine machine support.

Click here for details: https://36kr.com/p/933481662220677

  • The house purchase process was greatly reduced, and the online trading platform “Welcome Homes” received USD 5.35 million in seed round financing

It is learned that recently “Welcome Homes” has received 5.35 million US dollars in seed round financing. This round of financing was led by Global Founders Capital, 8VC, Adapt Ventures, Elefund, V1 VC, Kokopelli Capital, OneWay Ventures, Founders First Capital Partners, AAVCF3, Arkin Holdings, Josh Buckley, Foundamental, Soma Capital, Gainels, Fission Ventures and Tuesday Capital, as well as angel investors Jon Lonsdale, Qasar Younis and Lior Prosor participated in the investment.

“Welcome Homes” is headquartered in New York, USA and was founded by CEO Alec Hartman. The company has created an online residential real estate construction, customization and purchase platform, aiming to bring convenience to home buyers by creating a more seamless and price-transparent housing purchase process.

Click here for details: https://36kr.com/p/933603982346629

Project report

  • The transformation and upgrading of “old farmers in the orchard” is “healthy”, and the explosive Daximei ranks first in the Tmall category

Orchard Old Farmer” was established in 2006 and is a company that mainly produces nuts and dried fruits Casual snack brand. In 2020, the brand chose to revolve around the keywords of “rejuvenation”, “branding” and “green and healthy”, and launched the explosive California fiber-locked prunes, which currently ranks first in the Tmall plum category.

The wave of new consumer products has allowed the old farmers in the orchard to firm up their position as healthy foods, insisting on 100% adoption of the first-level of the seasonRaw materials of origin, and processed in our own factory. The transformation and upgrading of the old farmers in the orchard is to return the leisure snacks to green and healthy, which fits well with the rethinking of the relationship between man and nature in the post-epidemic era

Click here for details: https://36kr.com/p/933891340175745

  • Multi-flavor customized freshly ground coffee, “COFE+” robot coffee kiosk wants to be the benchmark of physical coffee shops

The recently recognized COFE+ wants to use robot coffee kiosks to change the cost structure and fill the price range of 10-15 yuan with quality coffee. At present, COFE+ has put dozens of robot coffee kiosks in Shanghai shopping malls, office buildings, hospitals, subways, industrial parks, etc. The raw materials such as fresh milk and coffee beans come from Fortune 500 suppliers, and the average sales price is 9.9 yuan-14.9 yuan Not waiting

COFE+ was established in 2018. In November 2019, it iteratively launched the robot coffee kiosk version 3.0, which supports the production of 300 cups of coffee at one time. Compared with traditional physical coffee shops, they face high personnel costs, unstable quality, high risk of relocation, and business operations. Short time and high rental costs, the advantages of COFE+ robot coffee kiosks are low labor, low rent, low energy consumption, low cost, low risk and high product quality.

Click here for details: https://36kr.com/ p/933814988884358

Technology

Financing Disclosure

  • Focusing on insurance technology services, “Junling Technology” completed tens of millions of yuan in Series A financing

Informed,”Junling Technology” has recently completed tens of millions of yuan in Series A financing. The investor in this round is Sherpa investment, the funds raised will be mainly used for the company’s health insurance field The in-depth layout of the company includes talent recruitment, technology research and development and market development.

Junling Technology is a third-party insurance technology and risk control service provider. The company mainly focuses on commercial personal health insurance, integrates high-quality medical service providers, establishes an intelligent operation and risk control platform, and provides products and risk control solutions for insurance companies and other related entities through a three-dimensional service network of “medicine, medicine and information” Program.

Click here for details: https://36kr.com/p/935005299760002

文娱乐

financing disclosure

  • First release | Received millions of customers in 5 months, “Qianbo Network” got millions of yuan angel round financing from Tongcheng Capital through “Tipbao”

Video is the general trend. In the future, the competition of video platforms will gradually shift from special effects videos and music videos to videos with opinions, logic and depth. Video content with opinions will require the help of a teleprompter.

In this context, Thousand Broadcasting Networks has launched a video creation app “Tipibao”. Around the “prompt” fieldIn view of the situation, Titibao will provide video creators with services such as floating prompts, materials, and script stores during video creation, and wants to create a one-stop personal video creation platform.

In terms of the monetization method, Prompt currently obtains advanced features through membership activation, and the membership price is 15 yuan/month. According to the founder Gao Zhengang, Prompt was launched during the epidemic, and the two-week paid version was launched. After a month, members’ income can already be self-financing. There are currently more than 1 million users.

Click here for details: https://36kr.com/p/903816250881285

Venture Investment Observation

  • The market value evaporates 50 billion overnight. Whom is “learning from” exactly?

Ultra-low customer acquisition cost is no longer, Can you learn with whom can survive “three and a half years “?

In the past year, GSX.US (GSX.US) has made its C debut on the stage of K12 online education, and has won a lot of attention. After 12 short selling by Citron, Grizzlies and other institutions, and an investigation by the SEC, the US Securities Regulatory Commission, its stock price once fell below $80, but then there have been two significant increases.

Last night, the stock price of GSX.US (GSX.US), a concept stock in online education, plummeted by more than 30% to a closing price of US$71.06, a record low in the past three months. Overnight, the market value of GSX lost more than 50 billion yuan.

GSX successfully went public in the United States only 5 years after its establishment. After landing in the capital market, it also attracted attention and doubts due to its almost “perfect” financial data. The reason why it has become a dark horse that stands out among many online education companies is that its gross profit margin is as high as 80%, which is much higher than the average level of its peers. The main reason for the high gross profit is that the customer acquisition cost is much lower than that of peers. This is also the problem that has been questioned by short sellers. Faced with the sharp increase in sales expenses, the failure of the “low customer acquisition cost” and the loss of business, who can learn from, can it break the “three and a half years effect” of the education and training industry?

Click here for details: https://36kr.com/p/934993797684359