China Deal Monitor: MatrixPartners leads funding in Yigong and more updates

Shanghai Yigong Tangzhi Information Technology Co., Ltd, a software-as-a-service (SaaS) provider for the chemical industry, has garnered “millions of US dollars” led by MatrixPartners China, the latter announced on WeChat on Wednesday.

The round was joined by returning investor FH Capital, a Beijing-based investment firm that targets new consumption, big data, culture and sport, and artificial intelligence (AI). FH Capital had infused capital in Yigong’s Pre-A round in February this year. 

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