China-based IT equipment leasing provider Edianzu has received $32m in series C funding from a consortium that includes payment processing firm Lakala, China Money Network has reported.
Venture capital firm Source Code Capital led the round, which also featured Shunwei Capital, Matrix Partners China and Aplus Capital. Lakala, itself backed by conglomerate Legend Holdings, invested through an undisclosed affiliate fund.
Founded in 2015, Edianzu leases IT and office equipment and repair services to small and medium-sized enterprises.
The company leases items using a pay-as-you-go tariff and its corporate clients include Legend-owned IT services provider Litsoft. It has now raised a total of $79.6m to date, according to China Money Network.
Lakala contributed to the company’s $18m series B round in October 2017 alongside Matrix, A Plus and Shunwei, after it led a $10m pre-series B round in January the same year which included Shunwei and Matrix.