Corporate-backed teleconferencing system provider Baijiayun raised cash at a $465m valuation while financial software provider Prime Trust closed a $64m round featuring Nationwide and Samsung Next.

Funding

Investment adviser VMCapital has supplied hundreds of millions of yuan (RMB100m = $15.5m) in series C financing for Baijiayun, a China-headquartered video teleconferencing technology provider backed by video platform developer Xiaodu Huyu, digital education provider Huatu Education and cloud edge platform developer BaishanCloud, 36Kr has reported. The company had raised a total of over $50m as of a $13.9m series B-plus round in October 2020 led by venture capital firm Fortune Capital, and the latest round valued it…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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