China Telecom was among the participants in a round for the smart home device maker which will support international growth and research and development.

Aqara, a China-based producer of smart home devices, has raised $156m in a series C round featuring telecommunications company China Telecom, DealStreetAsia has reported.

The round was filled out by Liantong Zhongjin, a fund launched by telecoms firm China Unicom and ICC Capital, the private equity arm of investment bank China International Capital Corporation, as well as Joy Capital, Shenzhen Capital Group, Greenwoods Asset Management and Zhongyan Capital.

Founded in 2016, Aqara produces appliances such as sensors, cameras and controllers…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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