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Funshine Sales receives $75 million investment

2024-08-12

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Tencent Technology News, August 12, Funshine Sales announced the completion of a new round of US$75 million in strategic investment, led by Zhongding Capital, followed by Qiming Venture Partners and Jianfa Emerging Investment. This is the second time Funshine Sales has received investment within a year after receiving US$30 million in investment from Guiyang Venture Capital with the assistance of IPO Capital in July 2023. This is also the fourth consecutive year that it has received new investment.

After this round of financing, Funshine Sales will continue to improve its product platform, integration, industry and upstream and downstream business connection capabilities, strengthen internationalization and AI capability building, and accelerate the evolution of business-based CRM to intelligent CRM.

Luo Xu, founder and CEO of Funshine Sales, said:"In a complex market environment and fierce competition, Funshine Sales has been committed to continuously deepening the value of connected CRM products. We firmly implement the concept of efficient management and sustainable and healthy growth. Our revenue has grown abnormally for four consecutive years, and our customer renewal rate has exceeded the 100% healthy line for many years. Funshine Sales has received investment from well-known institutions for four consecutive years, thanks to the continuous improvement of the company's operating efficiency and the increasing maturity of its business model. Under the general trend of digitalization and as business returns to its essence, the favor of investment institutions for leading companies is the result of rational and intelligent cooperation."