Saturday, 2024 April 13

CHINA BRIEF | Chinese Google Docs-equivalent Shimo Docs completes Series B+ financing

Shimo Docs, also known as the Chinese equivalent of Google Docs, has recently completed its Series B+ round of financing, taking in tens of millions of dollars, led by CBC Capital and F&G Venture, local media 36Kr reported on February 28. Nio Capital and China Growth Capital also participated in this round.

The fresh funding will be used to further enhance Shimo’s cloud-based office suite performance, and new product development, said the company.

Founded in 2014, Wuhan-based Shimo Doc is an online collaborative office software designed to store and manage documents in the cloud. KrASIA previously reported ByteDance’s investment in Shimo’s Series B funding round in 2017.

Shimo has counted over 28 million users and more than 370,000 companies registered on the platform as of February 2020, with monthly page views exceeding 360 million. From the beginning of the coronavirus outbreak, the platform experienced a six-fold increase in new users and companies on the platform, according to Shimo’s founder Wu Bing, as reported by 36Kr

36Kr is KrASIA’s parent company.

This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.


Related Read