China-based data analytics provider Haizhi Wangju Internet Technology has secured $30m in a series C round led by conglomerate Legend Holdings’ investment arm Legend Capital, China Money Network reported yesterday.
The round also featured financial data services provider Wind Info, IDG Capital Partners, which acts as the local venture capital affiliate of technology research and media company International Data Group, and private equity and venture capital firm Morningside Ventures.
Founded in 2014, Haizhi Wangju offers big data visualisation services to China-based companies operating in the internet, manufacturing, consumer, financial and healthcare sectors. The company was founded by Ren Xuyang, a former vice-president at internet company Baidu.
The round valued Haizhi Wangju, which had reportedly previously raised undisclosed funding from IDG, Morningside and Hillhouse Capital, at $250m.