China-based digital signature platform developer Fadada has raised RMB900m ($138m) in series D financing from investors including internet group Tencent, DealStreetAsia reported today.
Private equity firm Centurium Capital and dual-currency fund platform ZWC Partners also participated in the round.
Fadada provides e-signature software for corporate customers including Tencent and has experienced a considerable uptick in business for the platform as the covid-19 pandemic has made remote dealmaking more urgent.
In addition to its core product, Fadada also supplies enterprise resource planning systems and hybrid cloud software that enables customers to locally host electronic contracts and process management activities. The latest round is its sixth, according to DealStreetAsia.
The company had previously disclosed more than $70m in funding, the most recent of which involved it securing $59.2m in an early 2019 series C round co-led by Tencent and hedge fund manager Tiger Global Management.
Venture capital firm Vision Plus Capital and asset manager Ares Management also contributed to the series C round. Harmony Investments led Fadada’s $2.2m series A round in 2016 before it added $9m in a series B round led by Peeli Ventures later that year.
