US-based publisher International Data Group’s (IDG) corporate venturing unit, IDG Ventures, has participated in an undisclosed eight-digit USD sum in Series B funding in Bangcle, a China-based mobile app security service provider. Venture capital firm Redpoint Ventures also participated in the round. IDG was also an investor in the company’s August 2010 series A round when it invested $10m.
Founded in late 2012, Bangcle provides app developers with mobile security solutions and boasts an impressive founding member team with ex-Symantec, Nokia and Intel backgrounds.
Reportedly, the app technology company has more than 700 developer customers in mobile apps and games that have used more than 3000 safeguarding apps.
Other recent IDG investments in the Asia region include Myntra, India’s largest online fashion and lifestyle store. IDG provided acquisition capital to help Myntra acquire virtual fitting room software creator, Fitiquette. Alongside IDG Ventures in the round were hedge fund Tiger Global and venture capital firms Kalaari Capital and Accel Partners. Financial details for the investment and acquisition were undisclosed.