Cleantech-driven industrial internet platform iReady has garnered an undisclosed sum in its Series B funding round exclusively from return backer Baidu, the investor announced on Thursday.
Baidu, through its investment arm Baidu Ventures, had initially invested in iReady’s Series A+ round in 2019. A year later, it had partnered ByteDance to make a strategic investment in iReady.
Investment bank 100Summit Partners served as the financial advisor for the latest round.
Beijing-headquartered iReady operates as an intelligent solutions provider to advance environment protection. Its flagship digital platform iReadyInsights helps with better water management.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from August 25-26, 2021.
