US-based enterprise software firm PingCap nets $270m in Series D round

PingCAP, a US-based enterprise-grade software developer best known for its flagship product TiDB, has raised $270 million in a Series D round of financing, it announced on Tuesday.

The fund was jointly led by global venture capital firm GGV Capital; Access Technology Ventures, an over-$2-billion investment arm of US-based Access Industries; Hong Kong-based investment management firm Anatole Investment; Greater China-focused growth capital asset manager Jeneration Capital; and China’s 5Y Capital (formerly known as Morningside Venture Capital).

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