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Announced

DragonBall Capital led a $102m Series C round in Shanghai Zhenyun Technology.

Financials

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Transaction Value£76m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Domestic

Single Bidder

Private Equity

Friendly

digital purchasing

Completed

Acquisition

digital services

Venture Capital

Digital Services

China

Private

Synopsis

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DragonBall Capital, a private equity firm, led a $102m Series C round in Shanghai Zhenyun Technology, a digital purchasing platform for enterprises. Additional investors include Ab Initio Capital, Unicorn Capital Partners, C&D, Redpoint China Ventures, Blue Lake Capital and Eastern Bell Capital. Zhenyun plans to shore up its global expansion plans, and work on pipeline products, among others.

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