US-based TuneUp has extended its series C round by $2m to $6.3m after fuding by IDG Ventures, the corporate venturing unit of media company International Data Group.
TuneUp raised $4.3m in September from IDG and venture capital firm KPG Ventures and has raised $8.5m in aggregate since 2007.
Separately, IDG Capital Partners, the media group’s China-based corporate venturing unit, is raising two funds with its venture capital partner, Accel Partners. If Accel hits its targets for the two China and two US funds, it will raise more than $2.1bn, according to news provider Pehub.
The first $310m IDG-Accel China Growth Fund was raised in July 2005 and managed by IDG with a second, $510m fund closed two years later.