China-based cloud hosting service UCloud raised $100m on Friday in a series C round led by Legend Capital, the corporate venturing unit belonging to conglomerate Legend Holdings.
The round also featured media company Bertelsmann, VMS Legend Investment Fund, DCM and GX Capital.
Founded in 2012, UCloud provides cloud computing infrastructure and services for businesses, and in particular game publishers. Two of its largest competitors are services run by e-commerce companies Alibaba (Aliyun) and Amazon (Amazon Web Services).
UCloud secured $50m from Bertelsmann Asia Investments, Bertelsmann’s local corporate venturing unit, Legend Capital and DCM in June 2014, after raising $10m in a Bertelsmann and DCM-backed series A round in November 2013.
The series C cash will go towards upgrading UCloud’s software and big data capabilities and hiring additional staff, with the US to be a focus. The company has also formed an incubator in Shangahi, which will be supported by the funding, and plans to expand into hosting for the big data, online education, online-to-offline and online finance sectors.