CDP Group, a China-based human resources company backed by Sumitomo Corporation, has raised a funding round led by venture firm China Broadband Capital today.
The amount raised in the series C round was undisclosed. The company previously raised $10m in a B round in 2006 from Investor Growth Capital Asia, wholly owned subsidiary of Sweden-listed investment trust Investor, Fidelity Growth Partners Asia, a corporate venturing unit of the asset manager, and Sumitomo Corporation Equity Asia, a wholly owned subsidiary of Japan’s Sumitomo Corporation. It has also been backed before by venture firm CSV Capital Partners.