Warburg Pincus leads $44m round for China’s Sensors Data
Warburg Pincus has led a $44 million Series C round of funding for Sensors Data, a Beijing-based big data analysis company.
It is joined by new investors Xianghe Capital and Morningside Venture Capital. Existing backers Sequoia Capital China, DCM Ventures, Linear Venture, and FutureCap also re-upped.
Beijing-based Sensors Data launched its business after receiving seed capital from Linear Venture and FutureCap. The company provides data analytics services to Chinese corporates, helping them build systems to collect user data and analyze consumer behavior. Since inception, it has served over 500 clients, about 20% of which are from traditional industries. They include supermarket chains and commercial banks.
Sequoia led a $4 million Series A round for Sensors Data in 2016, while DCM Ventures led an $11 million Series B round last year. The latest capital injection will be used to improve products and services as well as to grow market share.
Warburg Pincus is currently investing its debut China dedicated fund, which closed at the hard cap of $2 billion in 2016. It is deployed in parallel with the firm's global flagship fund.
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