Chinese SaaS startup Dianxiaomi raises $110 million in Series D

Oluwajuwonlo Afolabi -

Dianxiaomi, a China-based software-as-a-service (SaaS) startup has raised $110 million in its Series D funding round co-led by SoftBank Vision Fund 2 and Sequoia China, with participation from others.

  • The fund will be invested in expanding the startup's operations into new geographies internationally and growing its oversea teams to enable the launch of localized products in Latin America, Europe, and the US.
  • Founded in 2014, Dianxiaomi focuses on developing infrastructure for cross-border e-commerce. It has products such as enterprise resource planning (ERP) software, customer service systems, logistics tracking, and cloud warehouse services.
  • The SaaS platform claims it has over 1.5 million users worldwide and processes more than $51.7 billion in transaction volumes annually.
  • It last raised $100 million in its Series C round in March, this year, and has now raised $210 million in total this year.
  • Tiger Global Management, GGV Capital, and Huaxing Growth Capital invested in the round.