Hillhouse Capital and IDG re-upped in the now closed Series B round, having previously laid down capital in the animated film company’s Series A financing initiative.
Light Chaser was founded in March 2013 and aims to create world-class animated films with Chinese cultural touch.
GGV Capital managing partner Jixun Foo said, “The movie market in China is booming, and certainly there is a very significant growth space for Chinese animated feature films.
“We are impressed by the vision and execution capability of Light Chaser. Within a very short period of time, they have built up an excellent team and a world-class animation production pipeline.”
Light Chaser is in production for its first 3D animated feature film Little Door Spirits which is expected to be completed by July 2015 with a budget of $12m.
Chengwei Capital’s Sha Ye who has read the script said, “The film tells a novel and interesting story. You will laugh and you will be touched.”
US and China-focused venture investor GGV Capital announced in May that after raising $620m for its latest fund it led a $15m investment in Asian startup cab provider company GrabTaxi.
Shanghai-based firm Chengwei Ventures recently participated in a $88m investment in China CBM Investment Holdings, as part of an management buyout of green energy company Asian American Gas.
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