China-based blockchain technology company Hyperchain Technologies has raised RMB1.5bn ($234m) led by real estate developer Xinhu Zhongbao, China Money Network reported yesterday.
The round also included China SDIC Gaoxin Industrial Investment and a range of unnamed backers.
Founded in 2016, Hyperchain is developing an enterprise-level blockchain platform that includes features such as data trading, supply chain financing and securities assets management.
The company is targeting sectors including healthcare, energy, trade, logistics and government. It will use the series B funding to further develop its technology and expand its business operations.
Hyperchain previously raised an undisclosed amount of pre-series A capital from software developer Sunyard System Engineering, IT services provider Insigma Technology and payment processing firm Lianlian Pay.
Conglomerate Fosun invested an undisclosed amount of series A funding, though further details could not be ascertained.