China-based IT equipment leasing provider Edianzu has secured RMB70m ($10m) in pre-series B funding from investors led by payment processing firm Lakala, China Money Network reported on Tuesday.
Lakala, itself backed by conglomerate Legend Holdings, invested through unnamed affiliated funds. It was joined by venture capital firms Matrix Partners China and Shunwei Capital.
Founded in March 2015, Edianzu offers IT, office and desktop equipment leasing services to small and medium-sized enterprises. Its clients include Legend-owned IT services provider Litsoft.
The company has not revealed how it plans to allocate the cash or when it plans on raising its series B round.
Edianzu previously raised $4.5m in an October 2015 series A round co-led by Matrix and Shunwei. In May 2015, angel investment fund Angel Plus supplied it with RMB6m in angel capital.