The Bertelsmann-backed manufacturing software developer took its total funding past $110m with the close of the $77.3m round.
Black Lake, a China-based manufacturing software developer, has raised almost RMB500m ($77.3m) in a series C round featuring Bertelsmann Asia Investments, a corporate venturing unit for media conglomerate Bertelsmann.
Singaporean state-owned investment firm Temasek co-led the round with investment bank China Renaissance and venture capital firm Lightspeed Venture Partners, while GGV Capital, GSR Ventures, ZhenFund and all of Black Lake’s existing investors also participated in the round.
Black Lake has created cloud software used by manufacturing companies to manage and…
