China: Cloud IT firm Bespin Global raises $15m; Eastern Bell leads Series A in Haizol

Network servers underlying cloud computing.

Bespin Global, a cloud IT solution provider, has raised $15 million in series A led by Legend Capital. Meanwhile, Eastern Bell also leads series A in an online industrial trading site Haizol.

Cloud IT firm Bespin Global raises $15m series A

Bespin Global, a Seoul and Beijing-based cloud IT solution company, completed a $15-million series A financing round led by Legend Capital, according to the company’s announcement last Friday.

Other investors in this round also included Premier Partners, Altos Ventures, Hyosung ITX.

The company said that this investment would help accelerate product innovation, expand customer base and support sales and marketing plans.

Founded in December 2015, Bespin Global enables customers to leverage everything cloud though its highly automated multi-cloud management platform and professional services.

“Even with the recent rise of the cloud computing, the vast majority of traditional enterprises are still operating in slow and expensive legacy IT environments. The problem is even more acute in Asia,” HanJoo Lee, co-founder and CEO of Bespin Global, said.

“Our job is to unlock the potential of the cloud IT for customers, who are achieving as much as 70 per cent savings in IT spending through our cloud solutions. Even more importantly, they dramatically increased the speed of innovation.”

Eastern Bell leads series A in Chinese industrial e-commerce site

Chinese venture capital Eastern Bell has led an RMB40-million ($6 million) series A round in an industrial parts e-commerce portal Haizol, according to China Money Network’s report.

Woofoo Capital, the investment arm of Tsinghua Asset Management, also joined the round. Set up in 2015, Haizol is active in 32 countries globally. It plans to use the proceeds to expand the market in North America.

Zhu Yinchun, a partner at Eastern Bell, said that Eastern Bell would also support Haizol’s development with its resources and experience in the logistic industry.

Haizol closed an angel round from Haier Financial Holdings in 2015 and pre-series A round from Woofoo in 2016. Both rounds did not disclose the exact amount of investment.

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