Sequoia, Warburg co-lead funding in Genki Forest and 13 more deal updates from Greater China
By Liya Su
April 9, 2021
Soft drinks brand Genki Forest has secured an undisclosed strategic investment that brings its valuation to $6 billion, per a company statement on Friday.
The new round was co-led by new investors Warburg Pincus and American-French PE firm L Catterton, as well as return backer Sequoia Capital China.
Singapore’s state investment giant Temasek also invested in the latest round along with existing backers like Gaorong Capital and Longfor Capital. TMT-focused venture capital firm Gaorong Capital has made two investments in Genki in 2019 and 2020 respectively, the company said.
With the fresh financing, Genki aims to focus on product innovation and overseas market expansion.
Set up in 2017 in Beijing, Genki Forest has a sugar-free and low-calorie product line.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on April 08 – 09, 2021.
Continue reading this report with a DSA Research and Analytics subscription.
Already a subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com.
Bring stories like this into your inbox every day.
Sign up for our newsletter – The Daily Brief
Related Stories
DealStreetAsia has put together a table listing out major VC deals in Greater China on April 07, 2021.
We have put together a table of all prominent VC transactions in Greater China on April 02-06, 2021.