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Announced

Completed

IDG Capital and Sequoia Capital led a $200m Series B round in SmartMore.

Financials

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Transaction Value£143m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Minority

Acquisition

Private

Cross Border

software development

Friendly

Private Equity

Venture Capital

Completed

Hong Kong

Software

artificial intelligence

Synopsis

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IDG Capital and Sequoia Capital led a $200m Series B round in SmartMore, a vision AI technology company, with participation from CoStone Capital, Green Pine Capital Partners, Lenovo Capital and ZhenFund. This round of funding will be mainly used to further cultivate the market, increase investment in R&D of products and technology, and drive large-scale implementation into more intelligent manufacturing scenarios.

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