Tiger Management Invests $10M In Chinese Software Firm JinGoal.Com

Beijing-based enterprise software platform JinGoal.com has received around US$10 million series A funding from Tiger Management, according to media reports.

The round is not publicly disclosed, and cannot be verified.

JinGoal.com received RMB50 million (US$8 million) angel investment in 2012. The identity of the investor was not disclosed.

Founded in 2005, JinGoal provides SAAS (Software-As-A-Service) enterprise software platforms for small and medium enterprises. The company has 700,000 registered users, according to its website.

SAAS is a software delivery model, in which software and associated data are centrally hosted on the cloud by independent software vendors or application service providers.