On November 21st, 2016. WinnerMicro announced it successfully completed the series B financing. After this round of financing, WinnerMicro will continue to strengthen the research into embedded Wi-Fi SoC chip, and accelerate the standardization of the industry to better serve the customers.
WinnerMicro’s first institutional round was led by Tianjin TEDA Venture Capital Corporation Limited(TEDAVC) and includes additional investments by Suzhou New District Hi-Tech Industrial Co.,Ltd, Sinvo Capital, and Series A investor Cash Capital.
As the lead investor, Tianjin TEDAVC is China’s first batch of professorial investment institutions. With rich resources of local government and business network, TEDAVC offers an array of value-added services and in-depth support to entrepreneurs in high-tech industries.
TEDAVC invests in high-quality companies in following principal areas: biotechnology and pharmaceutical industry, information technology, environmental sciences and material sciences.
With the ever-expanding investment platform, TEDAVC is involved in angel investment, VC Investment, PE, and mergers and acquisitions. TEDAVC team members work closely with portfolio company management teams in order to build successful long-term enterprises. TEDAVC's goal is to continue to build a leading venture capital organization and to nurture the development of innovative start-ups capable of supporting China's ongoing technological revolution.
The low-power embedded Wi-Fi SoC by WinnerMicro applies to many IoT fields. In the midst of increasing spending on IoT devices, TEDAVC decided to invest in WinnerMicro because of the large market space for IoT. Secondly, WinnerMicro’s employs a team of highly educated, highly skilled employees that produced products with high and stable performance. Thirdly, WinnerMicro’s excellent management team and customer service team has established a great reputation in the industry. The investors believe that, with more capital resources, WinnerMicro is capable of moving faster, steadier in research and development.
Beijing WinnerMicroelectronics Co, Ltd (WinnerMicro) is a professional IC design company, focusing on the development and sale of specific wireless communications chips and solutions in the Internet of Things field. The products are mainly used in smart home, intelligent home appliances, health care, video monitoring, industrial applications and other fields. The company has produced a series of well received smart home solutions that could easily transform traditional home appliances to smart appliances.
