DeHeng Assisted Ascent Stream in Completing Angel Round Financing

2025-02-24

Shanghai Ascent Stream Co., Ltd. has recently announced the completion of an angel round financing totaling several tens of millions of yuan, with Northern Light Venture Capital as the lead investor, followed by Huatai Innovation. Funds raised will be primarily used for open-source community development, product research and development, and commercialization efforts.

As legal counsel for Northern Light Venture Capital, the DeHeng team, led by partners Zhang Lei and Fang Wen, with primary support from lawyer Shang Shuaili, provided end-to-end legal services for the deal.