DCM Leads $50M Series C Round In FXiaoKe

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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.

China Money Network

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