SaaS Company AroundDeal Completes CNY Tens of Mn of Pre-A Round Financing
Summary
The funds raised in this round will be utilized for product research and development as well as market promotion.AroundDeal was established in 2020 as a global business information SaaS platform. By continuously updating and validating data, AroundDeal assists over 100,000 global users in achieving precise marketing strategies and finding the most efficient paths for global expansion.With the ongoing migration and reconfiguration of value chains and supply chains among different countries and regions, the rapid development of the digital economy has greatly impacted marketing approaches and supply-demand relationships. Faced with issues such as valuation depreciation, poor customer repurchase rates, and weak monetization capabilities, Chinese SaaS companies are actively seeking new avenues for growth. The global SaaS software services market is projected to reach CNY 102.7 billion by 2023.Over the past decade, China has witnessed the emergence of a group of notable SaaS companies, including Jinyun Information, AfterShip,FineReport, YouCloud, Xiaoman Technology, CLOUD HELIOS, NXCLOUD, Dmall, and Wondershareamong others. Some of these enterprises have targeted overseas customers from their inception, while others have refined their products in the domestic market before leveraging their experience to explore a "second growth curve" overseas.In this round of financing, AroundDeal has secured investment from Chengwei Capital.