Laihua Video closes Series B2 led by Providence Equity Partners

The intelligent short video creation platform Laihua Video has recently completed the Series B2 financing round led by Providence Equity Partners. The proceeds will be used mainly for the research and development of short video creation platforms, as well as the production and introduction of original content.

The intelligent short video creation platform Laihua Video has recently completed the Series B2 financing round led by Providence Equity Partners. The proceeds will be used mainly for the research and development of short video creation platforms, as well as the production and introduction of original content.

Laihua Video received tens of millions of yuan in Series B financing in December 2017 led by V1 Group and joined by QF Capital. Previously, Laihua Video obtained tens of millions yuan in its Pre-A financing round in August 2016; in March 2017, it received 35 million yuan Series A financing round.

Laihua Video, established in July 2015, is a commercial short video intelligent creation platform. The company provides services for enterprises looking to incorporate hand-drawn graphics on their website or in advertisements. The company uses AI technology to reduce the cost and time of traditional animation, enabling all enterprises to access the service.

With original production and copyright cooperation, Laihua has introduced more than 16 million sets of copyrighted materials. At the same time, the company has cultivated its own professional production team for a long time to provide high-end customized services for corporate users.

The team of Laihua has served more than 5,000 government units and well-known enterprises, such as Vanke, Microsoft, Ali, Tencent, Baidu, and Huawei.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/laihua-video-closes-series-b2-led-by-providence-equity-partners/.

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