Chinese hyperlocal delivery service closes US$13.9 million via Series A

Chinese hyperlocal delivery service closes US$13.9 million via Series A

Zhengzhou Time Funnel Information Tech Co., Ltd., a mobile internet company and the developer of flagship product, a platform that connects errands runners to busy city people has raised RMB96 million (approximately US$13.9 million) via its series A round which was led by Timing Group, a Chinese venture capital founded in 1993.

At present, Timing Group has invested in 21 startups and enterprises, including UrWork, We Doctor, UFO, Day Day Up and more, focusing on health, finance, media, internet, and various other industries.

“We hope to look for the winning genes in enterprises and their founding team in Henan and all of China, and to provide them support in terms of culture, talent, system, brand, and resources to help them realise their inspirations, to be better, stronger and bigger,” said Timing Group.

Another participating investor also includes RICH Capital Partners. The investments made on January 8 by both investors has contributed to one of the largest single financing noted in Henan’s local internet and networking history.

Having its operations formally launched in June 2015, UUPT is currently available in Beijing, Shenzhen, Zhengzhou, Xi’an and 30 other cities. The platform claims to have more than 5 million registered users connected to 300 thousand runners.

The errand runner platform uses an all-inclusive operation, which calculates according to a single case, and the platform is only in charge of connecting errand runners and consumers, whereby the platform earns a 20% commission from every completed transaction.

The platform mainly provides city delivery services, allowing users to contact runners through WeChat or their official Website. The transactions made usually involves delivery services within 20 minutes or a 3 km range.

According to UUPT founder Qiao Songtao, these latest proceeds will be mainly used to improve service quality, data mining, talent acquisition and expansion projects in China, establishing their services in Hangzhou, Shanghai, Nanjing and other first-tier cities, as well as building a centralised operation centre in Beijing.

By Vivian Foo, Unicorn Media

Japan-based Mobingi raises US$2.2 million to launch cloud DevOps automation platform

Japan-based Mobingi raises US$2.2 million to launch cloud DevOps automation platform

Japan’s cloud automation startup Mobingi announced today that it has secured 250 million yen (about US$2.2 million) in its series A round from its existing investors, Draper Nexus and Archetype Ventures, both are Japan-based Venture Capital.

This round is a follow-on investment subsequent to the tens-of-millions-of-yen (hundreds of thousands of dollars) fundraising from the two firms last February. Following this fundraising, Draper Nexus’s Akira Kurabayashi is also appointed as the Outside Director of Mobingi.

The firm had fundraised 2 million yen (about US$17,500) from Digital Garage in its January 2015 seed round and US$125,000 from 500 Startups. Therefore, with the addition of the new round, the total capital raised is estimated to surpass 300 million yen (about US$2.6 million).

With the latest capitals, Mobingi plans to improve its operation of Mobingi ALM, an application construction automation platform for cloud services, and to launch Mobingi Wave, an application operation-on-cloud automation platform this summer.

Founded in October 2015, Mobingi is a Software-as-a-Service (SaaS) cloud software solution that seamlessly integrates server deployment, management, scaling and cloud application lifecycle automation.

The company provides an operation and maintenance or DevOps (Development-Operation) automation platform for cloud services, supporting both public and private clouds–all on a single, easy-to-use platform designed exclusively for any size of businesses.

“Mobingi targets small and medium-sized enterprises (SMEs) having insufficient money in securing human resources specialized in operation,” said Wayland Zhang, the founder and CEO of Mobingi. “The firm offers an ideal environment where it is easy for engineers to focus on development.”

Besides, Mobingi’s platform services are all compatible with Microsoft Azure, Google Cloud Platform, Fujitsu K5 and Amazon Web Services, in addition to private cloud services based on OpenStack.

“Although most of our current clients are Japanese companies,” said Zhang, “our ambitions are for the firm to commence service provision to Chinese companies within this year and secure a certain sales amount from them utilizing cloud computing.”

According to Zhang, the firm will turn to the enhancement of marketing activities targeting Japanese and Chinese SMEs through participating meetups, seminars, or presentation and exhibition at business conferences beginning this year.

Prior to this, Mobingi is a participant of the Open Network Lab’s 9th batch as well as the 15th batch in the 500 Startups’ acceleration programme.

By Vivian Foo, Unicorn Media