Announced
Completed
Financials
Tags
Household Appliance
Private
Completed
Domestic
Private Equity
Acquisition
Friendly
China
Minority
lock manufacturing
Venture Capital
Synopsis
Orchid Asia, a private equity firm, led a $100m Series B funding round in Kaadas, a smart lock manufacturer. Additional investors include Shenzhen Qianhai Huxing Asset Management and Cowin Capital, a private equity firm. The company will invest the majority of the proceeds in product R&D, manufacturing and sales, brand marketing and talent recruitment. The alliance with Orchid Asia will help it expand its presence in foreign markets.
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