Memory card producer Memblaze has raised $20m in a series C round featuring the Asia-focused investment arm of publisher Bertelsmann.
China-based memory card manufacturer Memblaze has raised $20m in a series C round led by Bertelsmann Asia Investments, China Money Network reported yesterday citing reports in the local media.
Bertelsmann Asia Investments is the regional corporate venturing unit of Germany-based media group Bertelsmann. The round also included investment firms Genertec Investment Managers and Infinity Group, and Ding Xing Fund, which is managed by telecommunications firm ZTE
Memblaze produces high-speed storage cards. The funding will be allocated to research and development,and…
