Light Theto senses corporates for series B round

Jan 4, 2019 • Jack Hammond

Existing backers Baidu Ventures and Lenovo Capital and Incubator Group contributed to a $14.5m round that will fund Light Theto's R&D activities.

China-based 3D optical technology developer Light Theto Beijing Science and Technology Development has raised RMB100m ($14.5m) in a series B round featuring corporates Baidu and Lenovo, China Money Network reported on Wednesday.

The round was led by THC Ventures, a venture capital affiliate of Tsinghua University’s Tsinghua Holding asset management unit, and included private equity firm Cathay Capital, VC fund Shunwei Capital and TusStar Angel Invest.

Internet group Baidu and electronics manufacturer Lenovo participated through corporate venturing subsidiaries Baidu Ventures…

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