GSR, BAI lead round for Chinese industrial SaaS provider
GSR Ventures and Bertelsmann Asia Investments (BAI) have led an RMB150 million ($22 million) Series B round for Black Lake Technology, a China-based supplier of data collection, visualization and analysis to factories.
Other participants include GGV Capital and ZhenFund. Black Lake raised its angel round from ZhenFund, China Growth Capital and IDG Capital Partners in 2016. A year later, ZhenFund and China Growth re-upped...
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