IDG, Matrix Join $20M Series A Round In OlymTech

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OlymTech Corporation, a China-based IT solution service provider for logistics companies, has raised approximately US$20 million in its series A financing round from IDG Capital Partners, Matrix Partners and Yunqi Partners, according to a company announcement.

Founded in 2002 by IT and logistics professionals from the Silicon Valley and China, OlymTech provides cloud-based IT solutions for a international freight and logistics services providers.

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