M Stand, a trendy coffee chain brand, has announced its closing of Series B financing of over RMB500 million. The transaction was co-led by BA Capital and GenBridge Capital, two experienced venture capital investors in China’s consumer sector, and Gaorong Capital followed. Existing investors including CMC Capital Group and Challenjers Capital also participated. CEC Capital Group served as the lead financial advisor in this round. The transaction was the largest Series B financing in China’s heated coffee sector. Earlier this year, M Stand caught investors’ attention when it announced its closing of Series A financing led by CMC Capital Group and Challenjers Capital. Since then the company has vigorously built a market image of "better coffee enjoyed in trendier space” with its chic store designs and has aggressively pursued geographical expansion, nearly tripling its store counts in the past 6 months. With over thirty stores already opened in Shanghai, Hangzhou, Ningbo, Shenzhen and Guangzhou, M Stand will continue to speed up new store openings with a target of crossing the 100 store threshold by the end of the year.
CEC Capital Group serves as exclusive financial advisor On January 7, 2021, SF Holdings (hereinafter referred to as the "Company") announced that it has raised funding through Hive Box Holdings Ltd (hereinafter referred to as "Hive Box Cayman"), a joint
Tea brand CHALI (the “Company”) recently announced the closing of a Series B financing round of RMB 100 million. This round of financing was led by Country Garden Venture Capital, with CEC Capital Group’s investment fund and Wens (Guangdong) also participating in this round of investment. The proceeds from the financing will primarily be used for channel expansion and the construction of the Company’s Nansha R&D center. CHALI was established in August 2013. The Company is positioned as a packaged tea products and retail store brand. Its main products include herbal and fruit blended teas with over 600 million tea bags sold. During this year’s Double 11 Festival (November 11) in China, CHALI’s online sales ranked third in T-mall’s tea category and first in the herbal tea category. On JD.com, CHALI’s Peach Oolong Tea pouch sold 140,000 units, ranking No. 1 in single product sales in JD’s tea categories.
Fenlai Shangcheng (“Funlike” or the “Company”), a leading domestic supply chain service and social retail enablement platform in China, has recently completed its Series A financing of RMB 100 million. This round of financing was led by Cypress Capital (China) and Great Value Asset led the investment, with several followers participating in the round. With this round of financing, Funlike aims to accelerate the development and optimization of its brands, system tools, logistics and warehousing, after-sales services, marketing, and other capabilities. The Company also plans to expand its urban operation centers and deepen its upstream and downstream channel coverage, ultimately building a supply chain service platform centered on FMCGs.