Consumer Staples, Technology Feb 08, 2021 09:25 AM (GMT+8) · EqualOcean
Yicang Technology (易仓科技) announced on February 8 that it has raised USD 40 million in Series B, the largest financing round in the field of cross-border e-commerce SaaS ERP to date. This round of financing was led by eWTP, German consortium Paradox LP and China Creation Ventures (CCV). N5Capital, an existing backer of Yicang, joined the deal. According to the company, the fresh capital will be used for technology R&D, market expansion and high-end talent sourcing.