Reconova closes Series A at CNY139M post-money
Reconova completed its Series A financing at an issuer-disclosed CNY139M post-money valuation. The filing lists CNY13500000 of primary consideration among the disclosed retained investors.
Evidence notes
- Issuer prospectus states pre-money valuation of CNY110000000 and post-money valuation of CNY139000000.
- Primary consideration treatment: CNY7.5M convertible loan converted to equity plus CNY6M cash subscription; the filing table excludes investors who later ceased to be shareholders.
- Investors: Tibet Score Race Equity Investment Centre (TSREIC), Dai Liyi