SoftBank Ventures Asia led ERP software provider Mabang's $46.3m series B round while Mainport Innovation Fund exited electrification technology developer ViriCiti.

Funding

Internet and telecommunications group SoftBank has led a RMB300m ($46.3m) series B round for Mabang, a China-based provider of enterprise resource planning (ERP) software, through its SoftBank Ventures Asia unit, DealStreetAsia reported yesterday. E-commerce software provider Raycloud also took part in the round, having provided an undisclosed amount of series A funding for Mabang in 2020 that preceded about $23m in series A-plus financing from Meridian Capital China in March this year, according to DealStreetAsia. The company had previously…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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