Online lending platform and wealth management service CreditEase has participated in a $33m series A round for Tigerobo, the China-based operator of a finance-focused search engine platform.
The round also featured venture capital firm Gaorong Capital and PAC, and it boosted the company’s overall funding to approximately $60m according to a statement from Gaorong yesterday. CreditEase invested through its CreditEase New Financial Industrial Fund.
Founded in 2017, Tigerobo has developed an artificial intelligence-based search engine that is used by professional and individual investors to search for market, financial and operational data covering publicly listed companies.
The platform uses deep learning natural language processing technology to automatically construct knowledge maps from data, and to turn content such as PDFs and pictures into readable information.
The series A capital will be used for research and development as Tigerobo looks to introduce new technologies and products, and to hire new staff and expand its business internationally.
Tigerobo collected $14.8m in a June 2018 pre-series A round co-led by Gaorong Capital and infrastructure and services conglomerate NWS Holdings, according to China Money Network.
The company had already raised a nine-figure renminbi sum (RMB10m = $1.5m) in an August 2017 round backed by Gaorong Capital, Light Up Capital and private investor Zheng Tao.