China-based enterprise sales software provider FXiaoke has closed a series E round of undisclosed size featuring IDG Capital Partners, media firm International Data Group’s local venture capital affiliate, China Money Network reported today.
Citic Private Equity Funds Management and Hillhouse Capital co-led the round, which also included existing investors DCM and Northern Light Venture Capital, according to a press conference by the company.
Founded in 2011, FXiaoke produces and distributes sales management software for businesses. Services offered through its software tools include field operation, distribution chain and customer relationship management, as well as a more diversified mobile office platform.
The round follows a $100m series D round in July 2015 backed by IDG Capital, DCM and Northern Light that boosted FXiaoke’s overall funding to $163m.
IDG Capital provided $3m of seed funding for FXiaoke in 2012 before participating in a $10m series B round with Northern Light, Huaruan Venture Capital and Boya Capital two years later.
IDG Capital, DCM and Northern Light supplied an additional $50m in series C funding at the end of 2014. In addition to providing equity funding, IDG, Northern Light and investment adviser China Soft Capital are also collaborating on a $20m corporate venturing fund.