Chinese internet security startup DataCloak has raised $28 million in its Series B round of financing led by GL Ventures while open-source software developer EMQ has secured 150 million yuan ($23 million) funding co-led by GL Ventures and GGV Capital.
GL Ventures leads $28m funding in DataCloak
Asia-focused PE firm Hillhouse Capital’s venture unit GL Ventures has led the $28-million Series B round funding for Shenzhen-headquartered internet security startup DataCloak, the lead investor said in a WeChat post on Tuesday.
GSR Ventures and return backers MatrixPartners China and Jeneration Capital joined the round. Index Capital facilitated the transaction.
MatrixPartners China, Jeneration Capital, Co-Stone Asset Management and Green Pine Capital Partners invested $13 million in DataCloak’s Series A round in January 2020. In 2018, Matrix led a $5-million pre-A round in DataCloak.
The firm will use the proceeds for R&D programmes, talent recruitment, market expansion, product innovation and commercialisation.
EMQ nets $23m in Series B
China’s open-source software developer EMQ has secured 150 million yuan ($23 million) in its Series B round of financing co-led by GL Ventures and GGV Capital, according to a company statement on December 31, 2020.
Existing investors Vision Knight Capital and Oriental Fortune Capital joined the round. Vision Knight Capital had invested ‘millions of US dollars’ in the firm’s Series A+ round earlier in August 2020.
EMQ’s early-stage backers include Chenhui Venture Partners, In Capital, Unity Ventures, among others.