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Announced

Completed

Sequoia Capital led a $70m Series B round in Micro Connect.

Financials

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Transaction Value£53m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Software

Cross Border

Completed

Private

financial technology

Private Equity

Friendly

Hong Kong

financial software

Acquisition

Venture Capital

Minority

Synopsis

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Sequoia Capital, an American venture capital firm, led a $70m Series B round in Micro Connect, a new market infrastructure and financial technology platform, with participation from ABC International, Adrian Cheng, Archina Capital, Ausvic Capital, Chuang Capital, Dara, Horizons Ventures, Keywise Capital, Lenovo Capital, and Vectr Ventures. “We are delighted to welcome a distinguished group of strategic and institutional investors to our community, and look forward to working closely together in supporting Micro Connect in its mission of bridging the gap between global investors and China’s grassroots economy," Charles Li, Micro Connect Founder and Chairman.

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