Sixents Technology, a China-based global navigation satellite system subsidiary of technology company NavInfo, picked up RMB620m ($98m) in a series B round on Monday from investors including Tsinghua University’s asset management arm Tsinghua Holdings Capital, according to DealStreetAsia. The round included CDH Wealth Management, Oriza Holdings’ Oriza Prior, Yufu Holding, Xinding Capital, China CITIC Bank and Pagoda Capital. Sixents previously raised $7m from telecoms firm China Telecom’s corporate venturing unit China Internet Investment Fund and Zhiwei Investment in April 2019. Internet…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
