ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Startups

Chinese startup Laiye nears unicorn status with $160m fundraising

Intelligent automated products maker says capital earmarked for global expansion

HONG KONG -- Chinese intelligent automated products manufacturer Laiye said Tuesday it has secured $70 million in a fundraising round that brought its total series C funding to $160 million and moved the company "very close" to unicorn status. 

The fundraising was jointly led by technology-focused private equity companies Hopu Magnolia Growth Fund, Youshan Capital and VMS Group, while existing shareholder Lightspeed Partners also took part, Laiye said.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more