Bokecc, a China-based cloud video software developer backed by Steamboat Ventures, a VC fund affiliated with entertainment group Walt Disney, has raised RMB208m ($31.4m) in series C funding, Asian Venture Capital Journal has reported.
NewQuest Capital Partners, a direct secondaries private equity platform, provided the funding together with private equity firm Jiawo Capital and Silk Road Huachuang Investment.
Founded in 2005, Bokecc provides video hosting and delivery services through a dedicated cloud platform. Steamboat Ventures’ website states it was acquired in July this year, but that information could not be verified.
Steamboat Ventures led the company’s $20m series B round in 2011, investing together with IDG Capital Partners, then an affiliate of media company International Data Group, Jiangsu High-Tech Investment Group and IDG-Accel Growth Fund.