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New Deal


Announced

Completed

Tiger Global Management led a $100m Series C financing round in Moka.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software-as-a-service

Private Equity

Minority

China

Software

Single Bidder

Completed

Venture Capital

Private

Friendly

Acquisition

Cross Border

Synopsis

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Tiger Global Management, an investment firm that focuses on private and public companies in the global Internet, software, consumer, and payments industries, led a $100m Series C financing round in Moka, a Chinese software-as-a-service startup that helps clients manage their human resources more efficiently. Additional investors include Blue Lake Capital, Hillhouse Capital, GL Ventures, GSR Ventures and GGV. “Tiger Global is very optimistic about the development of China’s SaaS industry. Product-based SaaS that brings deep business value and excellent user experience to customers is also our important investment direction. Moka is in the HR SaaS industry. Persist in bringing first-class product experience to every user, which coincides with our philosophy. I am very happy to cooperate with CEO Li Guoxing in this financing, and I am confident that Moka will empower more companies under his leadership. Become a leader in China's HR SaaS field," Wang Pengfei, Tiger Global Management Global Partner.

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