China-based cloud services provider BoCloud closed a RMB100m ($14.5m) series C round led by Nio Capital, the corporate venturing arm of electric carmaker Nio, on Sunday.
JD Cloud, the cloud services subsidiary of e-commerce firm JD.com, also contributed to the round, as did Tianjin Venture Capital, Szclivia Investment Management, Oriza Holdings and Bondshine Capital.
Founded in 2012, BoCloud has developed software to help clients manage multi-cloud environments, as well as automate their operations and maintenance.
The company serves enterprise clients across more than 10 industries including the financial, e-commerce and energy sectors. It will primarily put the capital toward research and development activities, as well as growing its market share and expanding its partner distribution channels.
JD Cloud and JD Finance, the financial services and investment subsidiary of JD.com, previously backed a $15.2m series B-plus round for BoCloud in mid-2018. It has not disclosed any other historical funding details.
