Announced
Completed
Financials
Tags
Single Bidder
Private Equity
venture capital firm
Completed
Domestic
Venture Capital
China
Friendly
Private
Minority
Acquisition
Venture Capital
Synopsis
Benson Tam led a $131m Series A funding round in Venturous Group, a Chinese smart-city technology company. The round had participation from investors Fidelity China Special Situation and Savio Kwan. "Smart Citytech is the biggest emerging market opportunity we have ever seen. City Internet is the third-generation Internet and has 10 times the potential of Mobile Internet. From Smart Energy, Smart Buildings, Smart Automation, Smart Health, Smart Finance and beyond, applying Deep Tech, like Artificial Intelligence, Internet of Things and Big Data, will truly transform the future of city living," Benson Tam.
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