Investors are becoming more and more interested in Chinese Software-as-a-Service SaaS companies.
Bertelsmann Asia Investments, an Asia-focused fund under the German media giant, and GSR Ventures have led an Rmb150 million $22.3 million Series B investment in software service platform Black Lake. GGV Capital and Zhen Fund also joined the fundraising.
It is the second largest Series B fundraising this year in the SaaS sector, according to data from research firm IT Juzi. SaaS-related investment is especially popular with investors at the moment. Two of Black Lake’s investors, ...
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