The SoftBank and Hearst-backed creative marketing provider has secured the first tranche of its series D round at a $1bn valuation.

Tezign, a China-based creative marketing services provider backed by media group Hearst and internet and telecommunications group Softbank, has raised $40m in series D funding, Bloomberg has reported.

Singapore state-owned investment firm Temasek led what was described as the first tranche of a series D round, investing alongside unnamed others at a valuation of over $1bn.

Founded in 2015, Tezign provides creative marketing services for medium-sized and large companies, counting the likes of online retailer Alibaba and consumer products conglomerate…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.