Orchid Asia led a $100m Series B funding round in Kaadas.

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.