China-based industrial software producer ZWSoft has closed a RMB140m ($19.7m) series B round featuring aerospace technology provider China Aerospace Science & Industry Corporation.
The round was co-led by Addor Capital and China Internet Investment Fund and included Guangdong Finance Fund Management, Yuexiu Industry Investment, Guangdong Technology Financial Group and Fortune Venture Capital.
ZWSoft provides 2D and 3D computer-aided design and manufacturing software for use in intelligent manufacturing, and claims to have some 900,000 users across 90 countries.
The series B funds will support the strengthening of the company’s international marketing capabilities and its ongoing research and development activities.
The government-owned China Aerospace Science & Industry Corporation had previously joined Fortune Venture Capital to provide approximately $11.6m in series A funding for ZWSoft in December 2018 according to China Money Network.
