China Deal Monitor: Lixiangjia closes $35m Series D+ round and more updates
Summary
Founded in November 2016, Lixiangjia serves Chinese financial planners who manage overseas assets, including stocks, funds, insurance, and real estate products, for high-net-worth clients. The company, which now offers services to 160,000 financial planners, delivers a range of SaaS systems, such as a mobile app, mini-programs, and a web-based customer relationship management (CRM) platform. The startup will use the proceeds to improve its SaaS package and data analysis systems, providing more comprehensive and multi-dimensional technologies to empower customers and partners, according to a statement. Bertelsmann Asia Investments (BAI), a China-focused fund owned by international media, education and services mogul Bertelsmann, Shanghai-based Yonghua Capital, and early-stage investment fund Infinity Venture Partners are among backers in its previous rounds, shows the company website. DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on November 22, 2019.