Fosun RZ Capital, the corporate venturing subsidiary of conglomerate Fosun, led a RMB150 million ($22.8m) series A+ round for in China-based mobile security vendor Zhizhangyi on Wednesday.
The round included venture capital firm China Growth Capital and APU Investment, according to China Money Network.
Founded in 2013, Zhizhangyi offers speciality mobile security products to customers in areas such as government, finance and aviation. Zhizhangyi claims its products are unique for their compatibility with all versions of the Android and iOS operating systems.
The series A+ cash will be used to scale Zhizhangyi’s business and support research and development.
Zhizhangyi had previously raised RMB100 million in a January 2017 series A round, though it has not identified any of the round’s participants. The company has now received RMB300m in funding since it was founded, according to its website.