David Tang to Talk Digital Health and Consumer IoT at GMIC Beijing 2016With the new $350M IoT fund, NGP is committed to continue investing behind Chinese entrepreneurs Beijing, April 25th.– NGP announced today that ...
We are pleased to lead Xiaoxun’s $12M Series B round
Every year, 16 million babies are born in China, which currently has about 130 million children between 3 and 10 years of age. NGP is pleased to lead a financing round in Xiaoxun, a company that helps keep Chinese children in this age range safe and secure.
Xiaoxun develops wearable devices for children, providing high-quality, secure and intelligent products that can accompany them throughout their childhood. Through Xiaomi, which sells Xiaoxun’s devices, Xiaoxun launched the first smart watch in China that enables secure phone calls and push-to-talk communications between children and parents. Parents can quickly and easily locate their children through GPS and WiFi using the Xiaoxun mobile app. The watch comes with a gyrometer, a compass, a pedometer, temperature and ambient light sensors, enabling more precise indoor tracking and encouraging physical activity at a young age. It uses a 420mAh battery that lasts for about 4 days of average use. Other investors in this round include Longcheer, Xunwei and Xiaomi. Find out more about the deal at 36Kr (in Chinese only) and about Xiaoxun thorugh their WeChat: Xiaoxunkj