Your browser does not support HTML5 audio
Keyfunc, which provides companies with a digital performance planning and analysis platform, announced on Thursday that it has completed a round A financing totaling nearly 100 million yuan ($15.8 million), led by an internet-focused strategic investor and followed by Xinchao Venture Capital, Gobi Partners China and Yongyou Industrial Investment.
Wang Hualin, CEO of Keyfunc, said the new funds will be used to increase R&D investment and attract more enterprise project management (EPM) talent.
In recent years, with the growing competition between EPM products, customer demand and expectation of products have improved. Developers must not only meet various management needs within enterprises, but also help enterprises gain forward-looking vision and adapt to rapid market changes.
Keyfunc’s core product – a business management platform – includes budgeting, consolidated statements, management report analysis and other applications, which can do sales forecasting, amoeba management, multidimensional profit and loss analysis, cash flow analysis, business simulation and more. Keyfunc focuses on creating an analysis and management system integrating trade and finance for enterprises.
SEE ALSO: Cybersecurity Firm XDR SEC Concludes Round-A Funding
Following the completion of pre-A financing in March last year, Keyfunc’s business expanded into manufacturing, consumer, real estate, internet services, animal husbandry and other industries. Its consumers include fiberglass maker China Jushi, Hailide New Material and household products maker TOTO. At the same time, Keyfunc launched a “consolidated statement management platform” in the first half of last year, which enhanced enterprise management and intelligent decision-making.