Green Rice Technology, a China-based smart home device maker backed by consumer electronics producer Xiaomi, has secured an eight-figure dollar amount of series B-plus funding, China Money Network has reported.
Growth equity firm Grand Flight Investment and investment group Cathay Capital co-led the round, Grand Flight having also led a $15.5m series B round for Green Rice in January this year that also featured Cathay Capital.
Green Rice develops smart home devices such as plugs, light switches, door locks, temperature sensors and air conditioning controllers, each of which can be operated remotely using a mobile app.
The company raised an undisclosed of amount of funding in an October 2018 round led by SEB Alliance, the corporate venturing arm of financial services firm SEB, that also featured Yunmu Capital, according to China Money Network.
Xiaomi and Shunwei Capital, the venture capital firm that counts Xiaomi founder Lei Jun as its founding partner, had provided an undisclosed amount of series A funding for Green Rice in 2014. China Money Network also named Gaorong Capital and Lanting Capital as existing investors.
Image courtesy of Green Rice Technology.