China Deal Monitor: E-invoicing firm Ekuaibao raises $50m and more updates

Chinese electronic invoicing (e-invoicing) firm Ekuaibao has secured 353 million yuan ($50 million) in its Series C and C+ round. 

The recent Series C+ round financing of 141 million yuan ($20 million) was exclusively led by Sequoia Capital while the Series C round of 212 million ($30 million ) was launched by Tiger Global Management and joined by the existing investors DCM and Future Capital, a media statement on Tuesday. 

Established in 2014, Beijing-based Ekuaibao offers enterprise invoicing management and claims to have nearly 2,000 clients.  It has completed three rounds of financing in 2019.

Armed with the funding, Ekuaibao is looking to build a larger sales and marketing team and also set up divisions in central and western China in a bid to capture increased market shares.

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region in the last week.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.