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B2B E-Commerce Player Bizongo Completes $51 Million Funding Round

B2B E-Commerce Player Bizongo Completes $51 Million Funding Round

04/26/21, 10:01 AM
Money raised
$51 million
Bizongo, a business-to-business platform for made-to-order goods, on Monday said it has completed a $51-million fresh funding exercise, with investments from British government's development finance body CDC and Thailand-based Addventures, a corporate arm of SCG. Commitments from the two new investors are the second tranche of the $51-million series-C funding efforts, an official statement said. It added that other investors who participated in the first tranche included Schroder Adveq, Bruno Raschle, and existing investors Accel, Chiratae and IFC.

Company Info

Company
Bizongo
Additional Info
Going forward, the company also plans to invest capital in nurturing its vendor partnerships as it looks to transform over 100 factories into true cloud factories through its proprietary solutions.