MioTech Raises Undisclosed Sum from Li Ka-shing's VC Horizons

Fintech startup MioTech on Monday announced the closure of its Series A funding round, which was led by Horizons Ventures. The venture firm is the private investment arm of Hong Kong-based businessman and billionaire Li Ka-shing and is an existing investor in the startup. In 2017, Horizons Ventures invested in the Series A round of the artificial intelligence (AI) platform, which was closed after raising $7 million. Though the company did not disclose the amount it received in the fresh funding round, the proceeds will be utilized in hiring talents and R&D. "The financing will be used to recruit more talents and invest in R&D. It will further strengthen MioTech's data and technology edge, and help MioTech become the industry acknowledged platform for Green Finance and Sustainable Investment in Asia," Jason Tu, co-founder and CEO of the company, said.