Panlin Capital, a Shangai, China-based venture capital firm focusing on Chinese technological innovation, closed its 12th RMB-denominated main fund.
Chengdu Panlin Xiangxu Fund is the first established by Panlin Capital in Chengdu, and it is another institutionalized RMB fund established by Panlin Capital after its Shanghai Science and Technology Innovation Flagship Fund.
Panlin Chengdu Xiangxu Fund is a strategic move made by Panlin Capital in Chengdu against market trends, with the support of both new and old investors. In addition to reinvestments from entrepreneur-represented veteran investors, the fund has also received support from institutional investors such as government-guided funds, national master funds, market-based financial institutions, and listed companies. These include local Chengdu institutions such as the Chengdu Productivity Promotion Center, which is a municipal-level science and technology startup angel investment guidance fund, Chengdu Science Service Group, as well as CICC Genesis, a national emerging industry venture capital fund. Listed companies like Luzhou Laojiao (000568) and Eurocrane (603966) are also among the supporters.
Panlin Chengdu Fund focuses on To B and technology fields, guided by demand and technology. It mainly invests in To B companies (software, intelligent equipment, industrial aggregation platforms) that meet the demand for cost reduction, efficiency improvement and quality enhancement of B-end, as well as hard technology enterprises that have autonomous control over domestic replacement or key technology (critical components, equipment category). As of now, the fund has completed investments in several tech projects including Percipio.XYZ, Chipanalog, Terapark, AIPlanck, Easylogic, Ruiyun Cold Chain, Ele007.com and O-cubes.
Based on their early experience in Chengdu, Panlin Capital is planning a new comprehensive fund in Chengdu in conjunction with industries and listed companies. The main investment direction will cover Panlin’s two major areas: Healthcare and To B and Technology.
FinSMEs
25/07/2023