IDG Capital has participated in a funding round for technology company Tongdun, which uses big data to provide anti-theft and anti-fraud services.
China-based big data technology provider Hangzhou Tongdun Technology has received $32m in a series B+ round featuring IDG Capital Partners, a venture capital affiliate of media company International Data Group, China Money Network reported on Wednesday.
The round was led by VC firm Advantech Capital Partners. An unnamed unit of Suzhou Oriza Holdings, the investment vehicle of China-Singapore Suzhou Industrial Park, also took part, as did China Broadband Capital, China Growth Capital, Qiming Venture Partners and Linear Venture.
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