StoryFunding
BrainCo completes CNY 2B ($286M) growth round, filing confidentially for Hong Kong IPO
BrainCo announced a CNY 2 billion ($286 million) growth round co-led by Hong Kong-based IDG Capital and Walden International. The company simultaneously filed confidentially for a Hong Kong IPO, targeting a public listing as one of China's Hangzhou Six tech unicorns.
- Largest BCI funding round outside the U.S. and Neuralink
- IDG Capital and Walden International co-led the round
- Confidential IPO filing with UBS and China International Capital Corp.
- Could raise several hundred million dollars in eventual public offering