Zhongnan Capital, the investment arm of property and construction conglomerate Zhongnan Holdings, has provided approximately RMB100m ($15m) to China-based enterprise cloud provider Owtware, China Money Network reported today.
Founded in 2011, Owtware operates a private cloud platform aimed at enterprise. The company’s offerings range from data storage and document sharing to virtual desktop services.
The company has not said what it will do with the capital injection. It previously closed a $10m series A in 2014 that featured Susquehanna Asia Investments, a subsidiary of trading firm Susquehanna International Group (SIG), and unnamed backers. SIG made its contribution in 2012.