Sierra Ventures Leads $10M+ Series C Round In Social Touch

Chinese social marketing services provider Social Touch says the company has raised more than US$10 million in Series C funding.

Sierra Ventures led the round. Legend Capital and GGV Capital also participated.

Social Touch received RMB10 million series A funding from Legend Capital in 2009. The company also obtained series B funding led by GGV Capital in 2011.

The company says it will use the proceeds towards consolidating the market position, production development and R&D.

China Renaissance serves as the financial adviser of this round of financing.

Founded in 2011, Social Touch is a social media marketing services provider with offices in Beijing, Shanghai and Guangzhou.

Sierra Ventures is a Silicon Valley-based private venture capital firm focused on the IT sector.