Undisclosed investors supplied the cash for the Tencent-backed CRM platform developer - also known as Xiaoshouyi - two years after its $120m series E round.

NeoCRM (Xiaoshouyi), a China-based customer relationship management (CRM) technology provider backed by internet technology group Tencent, has received $70m in funding from undisclosed investors, 36Kr reported on Wednesday.

Founded in 2011 as a subsidiary of CRM software provider Beijing IngageApp Internet Technology, NeoCRM has built an enterprise software platform focusing on business-to-business and business-to-consumer interactions.

Tencent had provided $120m in series E funding for the company in 2019, having also backed a $15.8m series D-plus round the year before…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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