Customer relationship management (CRM) software provider Facishare Technology has secured $30 million in its latest funding round led by Guiyang Venture Capital, the investment vehicle of state-affiliated Guiyang Industrial Investment.
The Beijing-headquartered firm said that it has maintained a 40% business growth in the past three years, according to a company release on July 21.
Founded in 2022, the firm covers marketing, sales, and service management, among others, with 50 service centres nationwide. Previously, it bagged 100 million yuan ($15 million) in a strategic financing round from Hong Kong-listed software and information services provider Chinasoft International in May 2022.
Facishare taps into a fragmented software-as-a-service (SaaS) market where there is a slew of major enterprises dedicated to specific segments in the country.
A total of 16 software firms raised $658.8 million in China from VC and PE investors in June, according to DealStreetAsia’s proprietary data.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing all prominent venture capital transactions in the Greater China region from July 17– 23, 2023.