China-based design services marketplace Tezign raised tens of millions of dollars in a series C1 round in late 2019 featuring media group Hearst’s corporate venturing unit, Hearst Ventures, DealStreetAsia reported yesterday.
Venture capital firm Sequoia Capital China led a round that was also backed by Eminence Ventures, Cherubic Ventures, Linear Venture and undisclosed others.
Tezign operates an online platform where designers and other creatives can post profiles and examples of their work. It then uses artificial intelligence to match them with clients for specific projects.
Hearst Ventures had led a series B round for the company in April 2018 that was also in the eight-digit dollar range, investing alongside Sequoia Capital China and Linear Venture.
The latter two had previously joined Fenghou Capital in an eight-figure renminbi round (RMB10m = $1.54m) round of undisclosed size for Tezign in 2016 that followed a seven-digit renminbi amount from Linear Venture, China Growth Capital and Cherubic Ventures two years earlier.
