Almost two years ago we added Bluesmart to our list of portfolio startups and same year after six months Bluesmart added more $11.5M to its capital to prove its potential. Keeping its growth steady, Bluesmart has again won the hearts of its investors and raised another $12M funding in Series A round led by Tsing Capital. We are very happy to make this announcement and being part of Bluesmart. Just to share, Bluesmart is no more just Blue. It also offers a Black Edition now.
Tsing Capital is one of the largest venture firms in China. The partner leading this round, Michael Li, is a former Kleiner Perkins Caufield Byers partner with strong expertise in cross-border technology companies. This investment comes from a dedicated Tsing Capital fund called “Smartech Innovation Fund” which is focused on Internet of Things and connected devices. We will leverage this partnership to continue our manufacturing and global operations in Asia. With the proceeds we plan to expand our product line in order to continue our mission of helping people travel the world in a smarter way.
“With a long history of venture capital investing in China and North America, we are pleased to add Bluesmart to our portfolio of sustainable life style companies,” said Li. “China represents one of the largest and fastest growing markets for premium luggages globally, and we look forward to helping support Bluesmart’s expansion and product delivery.”
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