GGV Capital has led $15m series B rounds for Zimi, the China-based manufacturer of a portable battery charger, and China-based headphone maker 1More, Tech in Asia reported yesterday.
Although neither company has revealed details about their respective series A rounds, both operate within smartphone manufacturer Xiaomi’s ecosystem, dubbed XiaomiWorld. Xiaomi has also invested an undisclosed amount in 1More.
The investment is part of venture capital firm GGV’s increasing foray into internet of things startups, which it has now increased to eight portfolio companies, three of which are involved in the Xiaomi ecosystem.
GGV is currently also exploring collaboration opportunities with e-commerce companies JD, Tencent, Alibaba and Amazon to penetrate both the Chinese and US markets.
– Image courtesy of 1More