Chinese solar startup JinkoSolar Holding has raised $35 million in second-round funding led by China Israel Value Capital (CIVC), a partnership between Shenzhen Capital Group Co. (SCGC) and Pitango, a leading Venture Capital Fund from Israel.
JinkoSolar is based in Jiangxi Province, China. The Company is a manufacturer of mono-crystalline and multi-crystalline silicon wafers. The wafers are cut from silicon ingots grown and formed by JinkoSolar, using recovered silicon materials, as well as raw polysilicon material.
CIVC Private Equity Fund invests in fast growing Chinese companies, supporting their growth & expansion stages. CIVC attempts to enhancs the value of the invested companies by introducing proven Israeli technologies to enrich their offerings, gain better margins and accelerate their growth.
CIVC Fund is headquartered in Shenzhen China and enjoys proprietary deal sourcing from SCGC’s 16 additional regional offices across China. CIVC has an additional office in Herzeliya, Israel for the purpose of technology scouting and business cooperation between Israeli companies and the fund’s Chinese portfolio companies.
Chairman Jin Haitao, Chairman of SCGC and General Partner of CIVC said "When investing in a well managed company, it is also important to choose your co-investors very carefully, investors that have the same vision as you for the company and who can add value to the deal. CIVC and Pitango give us the added value we need for bringing the company to NASDAQ, as soon as the markets are ready".
Loading...