24 April 2017
Venture firm Matrix Partners China has joined a RMB100 million (US$14.5 million) series A-financing round in TianYi Research Institute, a Changsha, Hunan province-based commercial microsatellite start-up, according to Chinese media reports.
Existing investors Northern Light Venture Capital, and Cash Capital, a venture capital unit under state-owned Chinese Academy of Science Holdings, also participated in the round. Founded in 2016, TianYi Research Institute is one of the first microsatellite start-up established after the nation opened up the commercial aerospace market to private enterprises.
MORE ...