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China’s mobile app firm DotC United gets US$45 million in Series A funding

DotC United Inc, a mobile application developer firm based in Hong Kong, has received US$45 million in Series A round of funding from Banyan Capital, Chengwei Capital, Morningside Venture Capital, BAI and Lightspeed China Partners, according to China Money Network.

DotC United would use the funds to develop more mobile applications for the global audience, the co-founder and CEO Yi Shi said.

The company was launched in January 2015 by Yi, also the co-founder and CEO of Avazu Holding. With its several mobile apps like Swift WiFi and Flash Keyboard, DotC United Inc claims to have attracted 200 million users from across the world.

Yi founded Avazu, the parent company of DotC United in 2009. The company, headquartered in Shanghai, raised US$48 million in series A funding in 2014. It has offices in Berlin, Amsterdam, Beijing, Xian, Hong Kong, Los Angeles, Toronto, Bengaluru and Buenos Aires. The company was acquired by Chinese online gaming firm Zeus Entertainment in 2015.

Avazu, a mobile internet group, consists of Avazu (mobile advertising), Teebik (mobile gaming) and aFund (early-stage investment fund), besides DotC United, according to the company’s LinkedIn profile.

Some apps developed by aFund and Teebik have applied to list on the National Equities Exchange and Quotations, also known as the New Third Board, according to reports in China.

The NEEQ is a share-trading market with a valuation of US$500 million and currently has 88 markets. Its main objective is to attract small and medium-sized companies, according to China Daily.

China’s mobile app firm DotC United gets US$45 million in Series A funding
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