SoftBank leads $312m Series D round for Chinese smart retail SaaS provider Huice

SoftBank leads $312m Series D round for Chinese smart retail SaaS provider Huice

Photo: Eric Prouzet/Unsplash

Huice, which develops software-as-a-service (SaaS) solutions to enable smart retail, has raised $312 million in a Series D round led by SoftBank Group Corp’s Vision Fund 2.

CITIC Private Equity (CPE), an alternative asset manager in China, participated in the round alongside the firm’s existing shareholders GL Ventures, Singapore’s sovereign wealth fund GIC, and Legend Capital. Investment bank InvesTarget served as the exclusive financial advisor of the deal.

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