The mapping software developer has secured $14.1m in a round led by venture firm Everest Venture Capital, two years after being spun off by SF Express.
SFMap, a mapping technology startup spun off by China-based logistics service provider SF Express, has raised more than RMB100m ($14.1m) in series A financing, DealStreetAsia reported yesterday, citing a company statement.
Venture capital firm Everest Venture Capital led the round, which included investment holding company Oriza Holdings, private equity firm Maison Capital and VC firm Jade Capital. 100Summit Partners was financial adviser on the transaction.
Founded in 2018, SFMap is developing high-definition mapping technology that assists artificial intelligence systems in…
