The company has raised $14.4m from investors including Tsinghua University’s THG Ventures for its range of integrated circuit design services.

MooreElite, a China-based provider of integrated circuit design services, has obtained RMB100m ($14.4m) in a series A round led by THG Ventures, a VC unit owned by Tsinghua University.

State-owned Hefei Hi-tech Technology Venture Capital also backed the round. Tsinghua University operates THG Ventures through its asset management arm Tsinghua Holdings.

Founded in 2015, MooreElite offers integrated circuit design services such as chip architecture planning, digital front-end design and supply chain management.

MooreElite currently has offices in 11 Chinese cities as well as a branch in Silicon Valley in the US.  The company also operates an incubation and talent recruitment service.