China-based collaboration tool producer Teambition has closed a $12m series B round featuring Microsoft Ventures, the accelerator programme of software company Microsoft, China Money Network reported today.
The round was led by Northern Light Venture Capital and also included IDG Capital Partners, the local investment affiliate of media and technology research firm International Data Group, and Vangoo Investments.
Launched in 2013, Teambition offers a range of cloud-based collaboration and project management tools. The products are currently available in five languages,…