China-based augmented reality (AR) product developer HiScene has increased its series B round to RMB220m ($32.4m) following a $17.1m extension that included IT services provider Myeg.
The second tranche also featured venture capital firm Ondine Capital and investment firms Junsan Capital and Chuangtu Investment. Myeg took part through its corporate venturing subsidiary, Myeg Capital, Digital News Asia having reported that it invested $2.2m last month.
Founded in 2012, HiScene produces AR hardware such as goggles, as well as a software development kit that helps users build AR-powered mobile apps.
Shanghai Cableway Investment led the series B round’s $14.9m first close in August 2017, investing with image retouching platform Meitu, Sincere Capital and Vstar Capital.
The company had previously received tens of millions of renminbi (RMB10m = $1.5m) in a series A-plus round backed by GGV Capital, which added to an undisclosed amount of series A funding from Meitu, according to China Money Network.