IDG-Accel China Growth Fund invests $10m in BlueSprig

BlueSprig, which has a development center in Chengdu, creates lightweight utility applications that boost the security, privacy, performance and efficiency of personal devices such as iOS- and Android-enabled gadgets. Its premier product, AirCover, protects mobile devices by scanning applications for malware, extends battery life and helps locate a device if lost or stolen.

In addition to its announced Series A funding round, BlueSprig has also released its JetBoost and JetClean products, which boosts PC performance and protects PCs from spyware.

"Our goal is to put the ‘personal' back in personal computing by giving users the tools to make their digital lives simpler, faster and safer. I appreciate the support of IDG-Accel to bring a new class of apps to market that truly fulfills consumers' needs while leveraging the best resources of China and Silicon Valley," Jason Johnson, BlueSprig's CEO and co-founder, said in a statement.

IDG-Accel China Fund, the joint venture between media giant IDG and the venture capital firm, has been an active investor since the early 1990s. It counts Baidu, Sohu, Tencent, Soufun and Ctrip among its portfolio firms.

In April, IDG-Accel announced a $1.3 billion raise for two vehicles: The first called IDG-Accel China Growth Fund III, which closed at $550 million, which focuses on young start-ups, and a second $750 million fund, China Capital Fund II, that targets later-stage opportunities.

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• Topics
• Greater China
• Venture
• Technology
• China
• Venture
• TMT
• IDG Ventures
• Accel Partners