Yunphant Blockchain completed its Series A raising led by Shenzhen Capital Group
Recently, Yunphant Blockchain, the technical service provider of VNT Chain, has completed tens of millions of Series A raising which was led by Shenzhen Capital Group Co., Ltd. and followed by US WI Harper Group.
Shenzhen Capital Group Co., Ltd. is a limited liability company specializing in venture capital investment established by Shenzhen Government in 1999 with the capital from both government and the society. Upon its establishment, the company has been dedicated to cultivating national industries, shaping national brands, promoting economic transformation and upgrading, and the development of emerging industries.
At present, the registered capital is 4.2 billion yuan, and the total size of various funds is about 300 billion yuan. As of the end of September 2018, both the number of enterprises and the number of listed companies invested by Shenzhen Capital ranked first in the domestic venture capital industry: 918 projects have been invested, with a cumulative investment of about 40 billion yuan, of which 141 have been listed globally on 16 capital markets. Professional investment, in-depth service, and strict risk control have made an excellent performance with IRR 40.32% for Shenzhen Capital Group.
Founded in 2014, Yunphant Blockchain is a world-leading blockchain infrastructure service provider. It is the first team in China to engage in blockchain technology research and commercial applications. More than 80% of its team members are Ph.D. and MSc, including Zhejiang Provincial Scholars, the winner of world’s highest computing performance, the first member of the China Computer Society Blockchain Committee and the like; partners including China Minsheng Bank, China CITIC Bank, Bank of China, Industrial Bank, Suning Bank, Zhejiang Financial Assets Trading Center, Zhejiang Intellectual Property Exchange Center, Inspur Group and other tens of institutions.
The company’s core product blockchain infrastructure-Yunphant Chain has applied for more than 50 national invention patents, and the total number of patents ranked 9th in the world in 2017. It is the first cross-institutional blockchain infrastructure construction unit of China’s commercial banking system, the blockchain technology service provider of the major project of Ministry of Science, and the first undertaker of Zhejiang Province Key R&D Program. in 2018, it was selected as “2018 Hurun Blockchain Enterprise Rank-Leading Enterprise Top20” and “2018 Zhejiang Merchants” Pre Unicorn, and a number of classic cases were elaborated into the White Paper on “the Development of 2018 China Blockchain Industry” by the Information Center of the Ministry of Industry and Information Technology.
Mr. Bao Chenglin, Investment Director of Shenzhen Capital Group, said: The blockchain industry is undergoing the first phase of adjustment after experiencing an early rush. Undoubtedly, blockchain technology has considerable social and economic value. The investment to Yunphant now is based on its strong core technology capability, the sustainable business model, the perseverance of promoting the new technology and the ability to implement the applications.
Dr. Huang Butian, co-founder of VNT Chain and founder of Yunphant Blockchain, said: Through this financing, Yunphant will further expand in the fields of letter of credit, Forfeiting, supply chain finance, asset securitization, intellectual property, and e-government, building up the ecological commercial layout of blockchain infrastructure and at the same time promoting the infrastructure construction of the next generation distributed smart value network, creating the whole ecosystem of blockchain technology, application and community, and empowering the distributed commercial economy.
