Oceanpine Investee Company—Tinychip has completed raising nearly 300 million yuan ($47 million ) in its Series A + round led by Summit view Capital, the investee said in a WeChat post on Wednesday.
Semiconductor fund Fengyuan Fund along with automobile industry venture capitalist Xinyuxing Fund and returning investor. Oceanpine Capital have also poured in capital l in the current round.
The corpus raised will help Tinychip fuel the development of chip products and supply chain. Since its inception in 2019, Tinychip has been catering to sectors such as consumption, healthcare, automobile and manufacturing. In May 2021, Tinychip garnered ‘millions of US dollars’ in its Series A round from Oceanpine Capital and Shiner Capital.
Source: Oceanpine Capital
