Chinese internet security solutions developer ThreatBook has completed its Series E round of financing raising a corpus of 500 million yuan ($77 million) led by CITIC Group’s CITIC Private Equity Funds Management (CPE).
The 8 billion yuan ($1.2 billion) V Fund re-upped in the current round, per a company statement on Wednesday.
The fresh round brings the funding garnered by ThreatBook within the past six months to 800 million yuan ($123 million). Earlier in September 2020, ThreatBook raised 300 million yuan ($46 million) in its Series D round from V Fund, CITIC Securities, CICC Capital, CICC Capital’s sub-fund CICC Jiacheng, and PE firm Skycus Capital.
ThreatBook is founded by Feng Xue, who served stints at Amazon China and Microsoft China.
Set up in 2015, Beijing-based ThreatBook has served a slew of state-owned conglomerates comprising State Grid, China National Petroleum Corporation, The State Information Center, Industrial And Commercial Bank of China and China Merchants Bank, besides e-commerce major JD.com, ride-hailing service provider Didi Chuxing, and smartphones developer OPPO.
Promoter Feng Xue is the actual controller in ThreatBook owning a 12.8% stake, while Hillhouse is the second-largest shareholder with a combined 12% equity interest.
Hillhouse Capital had initially partnered with Northern Light Venture Capital and Crestvalue together investing 120 million yuan ($18 million) in ThreatBook’s Series B round in 2017. Two years later in 2019, Hillhouse had also participated in its 100 million yuan ($15 million) Series C round funding.
ThreatBook’s majority shareholders also consist of Northern Light Venture Capital (5.99%), CICC Capital (2.46%), V Fund (2.44%), and CITIC Securities (1.72%).