G7 hauls in $45m in series C round

Apr 6, 2016 • Thierry Heles

The logistics platform has expanded its series C round to $45m, following an extension that added to an initial $30m tranche led by Tencent.

China-based logistics big data technology developer G7 has completed a $45m series C round following a $15m extension backed by internet company Tencent, AllChinaTech reported yesterday.

The round also featured Singapore’s sovereign wealth fund Temasek and venture capital firm Eastern Bell Venture Capital. Tencent had already led the round’s $30m first tranche, which was closed in May 2015.

G7 has built a device that is installed on individual trucks in a fleet to collect data such as speed, humidity and…

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