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Enterprise Collaboration Software Firm FXiaoke Lands USD 70 Mln Series E+

Sina Tech, 7/20/16

Beijing-based enterprise collaboration software provider Yidong Facishare Technology, developer of mobile customer relationship management (CRM) and sales management software FXiaoke, recently completed USD 70 mln Series E+ funding led retail outlet chain operator Hualian Group (000882.SZ) and investment firm Zhangshaxing Capital, with participation from private equity fund Li Yue Investments.

Luo Xu, CEO of FXiaoke, said that as the enterprise services industry is still evolving, the company has not yet determined whether this will be its final pre-IPO funding. This latest round of financing is the sixth since Yidong Facishare was founded and is officially its Series E+ round. A representative for the company said that following this round of investment FXiaoke will expand its services to larger enterprise customers and continue to improve its product.

Yidong Facishare was established in 2012 and mainly offers mobile sales CRM solutions.

Editor's Note: For more information on this topic, please see "Enterprise Collaboration Software Firm FXiaoke Lands Series E," MD 3/07/16 issue.

Keywords: Li Yue Investments Zhangshaxing corporate user M&A VC IPO funding CRM Series E Yidong Facishare FXiaoke Luo Xu 000882.SZ enterprise software collaboration app

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