IDG Ventures is joining other corporate venturing units with an investment remit in Asia to secure high-growth investment opportunities in the mobile and internet application software sector. However, IDG's latest re-investment in China-based mobile app security service provider, Bangcle, is onto something bigger: safeguarding application developers and their customers.
US-based publisher International Data Group’s (IDG) corporate venturing unit, IDG Ventures, has participated in an undisclosed eight-digit USD sum in Series B funding in Bangcle, a China-based mobile app security service provider. Venture capital firm Redpoint Ventures also participated in the round. IDG was also an investor in the company’s August 2010 series A round when it invested $10m.
Founded in late 2012, Bangcle provides app developers with mobile security solutions and boasts an impressive founding member team with ex-Symantec,…
