Respective endowments for University of Macau and Macau University of Science and Technology have contributed to a series A round.
Xin Yaohui Technology, a China-based semiconductor technology producer also known as AkroStar, has raised RMB500m ($78m) in a series A round backed by University of Macau Development Foundation and Macau University of Science and Technology Foundation.
Gaorang Capital led the round, which also attracted construction conglomerate Da Heng Qin Group, Matrix Partners China, Lanpu Ventures, Sequoia Capital China, GL Ventures, V Fund and Panorama Capital.
Founded in June 2020, AkroStar provides intellectual property (IP) tools to chipmakers. IP…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
