Beijing Zhen Fund Fuels Tianji Computational Infrastructure
Deal News | Dec 31, 2024 | Beijing Zhen Fund Management C
The Chinese investment firm, Beijing Zhen Fund Management Co., has announced a significant investment into Xingce Future under the Pre-A++ round of funding. The financial injection amounts to several tens of millions RMB and aims at bolstering the development of Tianji computational infrastructure necessary for space and aerospace advancements. This strategic financing aligns with China's aspirations to be a global leader in space technology, with Xingce Future at the forefront of this technological expansion.
Sectors
- Private Equity
- Aerospace and Defense
Geography
- China – Both Beijing Zhen Fund Management Co. and Xingce Future are based in China and their activities support national aerospace ambitions.
Industry
- Private Equity – Beijing Zhen Fund Management Co. participates as an investment firm, making strategic funding decisions in emerging sectors.
- Aerospace and Defense – Xingce Future focuses on advancements in space and aerospace technology, aiming to contribute to national projects.
Financials
- Several tens of millions RMB – The amount of funding received by Xingce Future in the PreA++ round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Xingce Future | Target company | Company | A company focused on Tianji computational infrastructure and aerospace advancements in China. |
| Beijing Zhen Fund Management Co. | Investor | Company | A Chinese private equity firm investing in innovative technologies and startups. |