[ Xiaodian raises $50.89M in Series B ]

Xiaodian has raised $50.89 million in Series B funding.

Founded in 2016, Xiaodian offers paid smartphone charging services in places like shops and restaurants. A user scans a QR Code before getting his or her smartphone charged with a Xiaodian power bank at fixed locations.

The startup hopes to launch services in 25 Chinese cities by the end of this month.

Funding  Series B
Founded  2016
Country  China
City  Hangzhou, Zhejiang
Founder / CEO  /
Deal Size  $50.89M
Investors  Banyan Capital
 Sequoia Capital
 Tencent Holdings
Previous Investors   Incapital
 DT Capital Partners
 GSR Ventures
 CDH Investments
 Hangzhou Vision Capital  Management
 Tencent Holdings