By Mars Woo
The round co-led by GF Qianhe and GF Xinde Investment.
The latest round has reportedly valued Racetrack at $21 million.
California-based Evidation Health has raised a $30-million Series C co-led by SV Health Investors and B Capital Group.
Freshworks’ valuation has roughly doubled to $1.3-1.4 billion in its latest funding round.
Beijing-based Legend Capital contributed nearly $100 million as part of the round.
The funding round was joined by big-name investors, including Hillhouse Capital, IDG Capital, GGV Capital, Matrix Partners, and ZhenFund.
The second fund is substantially larger than the VC firm’s maiden fund that closed at around $85 million in 2016, exceeding its initial target of $80 million.
The round was joined by Myer Family Investments, Abu Dhabi Capital Group, Credit Suisse Asset Management, and OPTrust Private Markets Group.
This marks Vickers Venture Partners’ third investment in the artificial intelligence space.
The freshly-raised amount will be used towards growing loan book and financing more MSMEs.