Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Yuanbao Tech, a China-based cybersecurity insurance provider, has raised more than RMB100m ($15.5m) in a series B round featuring Tsinghua University-aligned TusStar, according to China Banking and Insurance News. The round was led by Citic Capital and also included engineering group China Communications Construction, electric vehicle manufacturer Nio’s Future Capital affiliate, Landstone Capital and Turing Ventures. Yuanbao closed a series A round sized at tens of millions of yuan (RMB10m = $1.5m) in August 2020 backed by TusStar, led by…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.