UCap Oceanwide Fund was among the participants as the database management software developer pulled in $18.6m in early-stage financing.
China-based data storage software producer YanRong Tech has completed a RMB120m ($18.6m) series A-plus round featuring UCap Oceanwide Fund, an investment vehicle backed by IT services firm UCap Cloud Information Technology, DealStreetAsia reported yesterday.
UCap Oceanwide Fund, a joint venture between UCap Cloud and venture capital firm Cowin Capital, joined investment management firm Oceanpine Capital, which led the round, as well as VC firm Glory Ventures. The deal was facilitated by Winsoul Capital.
YanRong has developed a cloud database management…
