SIG China participated in a $44.4m round that Trusfort will use to develop its mobile identity authentication portfolio and expand its business overseas.
China-based mobile security technology developer Trusfort Technology raised RMB300m ($44.4m) yesterday in a series C round that included SIG China, part of technology and trading firm Susquehanna International Group (SIG).
The round was led by CBC Capital and included fellow private equity firm Yunfeng Capital and Redpoint China Ventures, the subsidiary of venture capital firm Redpoint that is raising $400m for two new funds. It was disclosed through a statement on chat platform QQ.
Founded in 2015, Trusfort provides identity…
