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Chinese VC Funding Weekly Overview (11.16-11.20)
PingCap has raised $270 million in Series D funding led by GGV Capital
The open-source software developer PingCap has raised a $270 million Series D. The round's lead investors were GGV Capital, Access Technology Ventures, Anatole Investment, Jeneration Capital and 5Y Capital (formerly known as Morningside Venture Capital). With this funding, the company will continue to develop its core technologies, advance the global expansion of its offerings, especially the TiDB Cloud product, and its solutions and services, as well as the open-source community and ecosystem.