DCM Leads $50M Series C Round In FXiaoKe

Xiong Xiaoge, founding partner of IDG Capital, at FXiaoKe's announcement ceremony

Beijing-based mobile sales management tool FXiaoKe has received US$50 million in series C financing led by venture capital firm DCM, according to a company announcement.

Existing investors IDG Capital and Northern Light Venture Capital also participated.

FXiaoKe just completed a US$10 million series B financing round in July led by Northern Light Venture Capital.

The latest series C round values the company at four times of the valuation of its last round five months ago, the company says without specifying.

Launched in 2011, FXiaoKe previously received several million U.S. dollars in series A funding from IDG Capital in July 2012.

The company provides management software tools for sales teams of Chinese companies. It supports field operation management, distribution chain management, customer relationship management.

The company says it currently has over 70,000 enterprise clients.

 

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