China-based sales management app developer FXiaoke closed a $100m series D round backed by IDG Capital Partners, media company International Data Group’s Chinese corporate venturing affiliate, on Wednesday.
The round also featured venture capital firms DCM and Northern Light Venture Capital.
Founded in 2011, FXiaoke provides sales management software for enterprises and is among the first China-based companies to make a splash in the traditionally US-dominated sector. It will spend the series D capital on making its service an open platform.
IDG Capital, DCM and Northern Light provided $50m in series C funding for FXiaoke in December 2014.
IDG Capital also invested $3m in FXiaoke’s 2012 series A round, subsequently participating in its $10m series B with Northern Light, Huaruan Venture Capital and Boya Capital in July 2014.
– Photo courtesy of FXiaoke