X-Signal secures ¥100 Million Series A Financing, Continues to Launch High-Quality New Products

On 11th July 2022, X-Signal Integrated announced the completion of nearly RMB 100 million in Series A financing, which was jointly led by Guoqi Investment and Langmafeng Venture Capital, 

and pursued by veteran shareholders IDG Capital and Meituan Longzhu, with the funds to be used mainly for the construction of core technology and product R&D, as well as the development 

of innovative application scenarios and business expansion.

Since its inception in September 2020, X-Signal has completed several rounds of financing in less than two years, with hundreds of millions of dollars in cumulative funding from a luxurious 

lineup of investors including IDG Capital, Meituan Dragonball, Xiaomi Yangtze River Industry Fund, Guoqi Investment, and Longmafeng Venture Capital.

X-Signal is a high-performance digital-analogue mixed-signal IC design and R&D company, and currently has three major product lines: Mini-LED backlight driver ICs, brushless DC 

motor (BLDC) control and driver ICs, and high-performance digital power supply ICs.

Financing history review:

In June 2021, IDG Capital and Meituan Dragon Pearl took the lead, contributing nearly 100 million yuan to jointly lead the angel round.

In March 2022, less than a year later, Xiaomi Yangtze River Industry Fund took a shareholding of tens of millions of yuan to solo the Pre-A round.

2022 July, the State Automobile Investment and Langmafeng Venture Capital jointly led the investment, and the old shareholders IDG Capital and Meituan Dragon Pearl further increased

 the follow up investment, wrapping up the A round.