Linewell North Technology Group Co., Ltd. announced that it will raise CNY 400 million in an equity round of funding on March 8, 2023. The transaction will include participation from returning investor, Linewell Software Co., Ltd. The company's registered capital will increase from CNY 100 million to CNY 500 million. The transaction has been approved by the board of directors of the company.

The transaction does not need approval from company's general meeting of shareholders.