SiE Consulting participated in a $49.5m round for the procurement service provider as one of the existing investors that came back for another slice.

China-based procurement services provider Sunyur raised RMB320m ($49.5m) in a series B round that included IT consulting firm SiE Consulting on Friday.

Venture capital firm Qiming Venture Partners led the round, which was filled out by Yinxinggu Capital, YI Capital, Sequoia Capital China and Vision Plus Capital.

Founded in 2018, Sunyur provides online sourcing, procurement and supplier management services to businesses through a software-as-a-service model.

Sequoia Capital China led the company’s $14.1m series A round, in March 2020, which…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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