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Announced

Completed

Benson Tam led a $131m Series A funding round in Venturous Group.

Financials

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Transaction Value£93m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private Equity

venture capital firm

Completed

Domestic

Venture Capital

China

Friendly

Private

Minority

Acquisition

Venture Capital

Synopsis

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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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