US-based technology group Qualcomm’s corporate venturing unit has reportedly backed Taiwan-based event ticketing company Accuvally with an undisclosed sum,
Although terms were undisclosed, news provider Tech Orange, which reported the deal, said it was a seven figure investment.
Qualcomm Ventures led the round alongside local venture capital firm DCM, Event Orange said. Cyzone, organisers of Demo China were also in the round. Accuvally was founded last year. In February 2010 Accuvally received a $1m investment from technology group Newland.