Yueng closes Series A round of financing

2020-07-24
|
Isiah Liu

Yueng closes Series A round of financing

Yueng, a provider of IoT solutions for garbage collection, recently raised nearly 50 million yuan in its Series A financing round.


This round was jointly invested by Shenzhen Capital Group, China Merchants Capital, VenturesLab and Tongfang Huifang, a sub-fund of Tsinghua Tongfang, and other institutions.


Yueng focuses on the field of waste separation and recycling, mainly to provide government and enterprises with intelligent waste separation hardware products, waste separation big data service platform, waste separation publicity and training services, recyclable resources recycling and more.


As of June this year, the business of Yueng has expanded to more than 40 cities and regions in China, with more than 150 corporate clients. Compared to the end of 2019, the company's business scale has grown nearly 10 times in the first half of 2020 and has already achieved profitability.


Previously, Yueng announced in March this year that it had received over 10 million yuan in Pre-A round of financing from VenturesLab.


RELATED ARTICLES

Xbed Xi Hotel receives RMB100 million in financing
2020-11-18
|
Tourism , PEVC

Memoray completes tens of millions of yuan in Series B financing
2020-11-18
|
PEVC , Medical care

Sier Education closes multi-mln-dollar Pre-A led by Qiming Venture Partners
2020-10-26
|
Education , PEVC

Eugenlight Technologies closes Series A of RMB tens of millions
2020-09-13
|
PEVC , Semiconductor , Electroinic

BPassword closes angel round led by Eagle Fund
2020-09-13
|
PEVC , Blockchain

Jaour closes new financing round led by Addor
2020-08-09
|
Chemical , Manufacturing , Industrial , PEVC

QureBio closes multimillion-yuan Pre-B financing round
2020-08-06
|
PEVC , Biotech , Biology , Pharmaceutical

Horizon Medical, a MicroPort subsidiary, pulls in RMB130m investment
2020-07-28
|
PEVC , Medical care

Yuanhua Intelligence secures multimillion-yuan angel round
2020-07-18
|
Medical care , PEVC , Robotics

Udi Tech closes Series B3 financing round
2020-06-14
|
PEVC , Robotics , Navigation
China SDG