China Digest: imBee Raises $5M

Hong Kong-based chat management platform imBee has raised $5 million in a Series A round led by DCM Ventures.

imBee, founded in 2019, has more than 150 clients across over 15 industries, including insurance, logistics and retail. The SaaS startup raised a pre-seed funding round last year, according to its LinkedIN page.

The funds will be used to "advance its platform offerings, go deeper into existing markets and expand its footprint in the Asia-Pacific region," the statement said. DCM Ventures is a Silicon Valley-based venture capital firm with over $4 billion under management and investments in more than 400 technology companies across Asia and the US.