Shanghai Thinktech Co., Ltd. announced that it expects to receive CNY 75 million in funding from Koal Software Co., Ltd.
July 09, 2021
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Shanghai Thinktech Co., Ltd. announced that it will receive CNY 75,000,000 in an equity round of funding on July 10, 2021. The transaction included participation from Fuward Investment Holdings Co., Ltd. for CNY 25,000,000 for an equity stake of 4.3478%, Jiaxing Chuangrong Equity Investment Partnership (Limited Partnership) for CNY 15,000,000 for an equity stake of 2.6087%, Shenzhen Investment Control Donghai Small, Medium and Micro Venture Capital Enterprise (Limited Partnership) for CNY 15,000,000 for an equity stake of 2.6087%,
KoalSoftwareCo.,Ltd. for CNY 10,000,000 for an equity stake of 1.7391%, Shanghai Volcanic Rock Phase II Venture Capital Partnership (Limited Partnership) for CNY 10,000,000 for an equity stake of 1.7391%. The transaction has been reviewed and approved at the seven meetings. The investment from Koal Software Co., Ltd., of which CNY 529,097 will be included in the registered capital, and CNY 9470903 in capital reserve.
Koal Software Co., Ltd., formerly Shanghai Koal Software Co., Ltd., is a China-based company principally engaged in the research and development, manufacture and sales of commercial passwords software products based on public key infrastructure (PKI). The Company's main products include PKI infrastructure products, PKI security application products and general security products. The Company distributes its products within China domestic market.