An investor consortium led a Series B round in ICleague.

An investor consortium, including CMB International, Puhua Capital and Wuhan Optics Valley Industrial Investment, led a Series B round in ICleague. Financial terms were not disclosed. The investment comes at a time when Chinese chipmaking firms ride on an investment tailwind amid the government’s attempt to achieve self-sufficiency in chips. Chinese semiconductor startups completed 108 deals in Q1 2024, on par with Q4 2023, indicating their sustained appeal to investors.