Sequoia-backed SaaS platform Jushuitan nets $100m in Series C round

Sequoia-backed SaaS platform Jushuitan nets $100m in Series C round

Sequoia Capital China-backed software-as-a-service (SaaS) player Jushuitan Network Technology Co. Ltd has secured as much as $100 million in its Series C round of financing led by Goldman Sachs China, per a company statement on Wednesday. 

The latest round also saw the participation of CICC Capital’s sub-fund CICC Yangtze River Delta Innovation Fund and its existing investor Blue Lake Capital. Chinese global investment bank Taihecap served as the financial advisor for the deal. 

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