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Warburg-backed Chinese vehicle parking firm Sunsea secures $100m Series B

Warburg-backed Chinese vehicle parking firm Sunsea secures $100m Series B

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Chinese vehicle parking administration firm Sunsea Parking has secured $100 million in a Series B round of financing from global investment financial institution Goldman Sachs’s project division and Korean PE firm Anchor Fairness Partners, in line with a firm assertion on Tuesday. Chinese new economy-focused investment financial institution Paradigm Advisors used to be the advisor for the Series B round. With the funding, Sunsea expects to expedite the integration of neat parking products and providers and technologies such as Cyber internet of Things (IoT), gigantic files, and AI, it stated. “We'll offer you the option to be together to accomplish an environm...