Tezign, a Chinese marketing supplier platform and data intelligence solution provider has raised tens of millions of U.S. dollars in a Series C1 round of financing led by Sequoia Capital China. Tezign announced this move on a WeChat post on Monday August 17, 2020.
The startup however indicated in the statement that the new financing was completed by the end of 2019.
All its former investors re-invested in the Series C1 round.
These already existing investors includes Hearst Ventures, the venture capital platform of America’s media and publishing giant Hearst Corporation, Chinese early-stage VC Eminence Ventures, US and China-focused angel fund Cherubic Ventures, as well as frontier tech-focused Linear Venture, among others.
Shanghai-based startup has been able to garner over 8,000 medium and large-sized enterprises. Inclusive in this platform’s services users are Alibaba and its fintech arm Ant Group, Tencent, British-Dutch consumer goods firm Unilever, Chinese dairy products maker Mengniu Dairy, and Nestlé.
Tezign last closed nearly $10 million in a Series B round led by Hearst Ventures in April 2018. Sequoia Capital China, Linear Venture, Eminence Ventures, Nautica founder’s David Chu, as well as Skip Battle, a member of the Board of Directors at renowned tech giants including LinkedIn and Netflix, participated in the deal.