SEVALO Raised over CNY 100 Mn in Series B

Technology Author: Fuller Wang Mar 31, 2022 08:22 PM (GMT+8)

SEVALO is an intelligent big data enterprise that takes tendering data as the core and empowers B2B marketing.

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Recently, SEVALO, a one-stop intelligent marketing platform service provider, announced its Series B financing of over CNY 100 million. This financing round was invested by XF Funds and Shanghai Chentao Asset Management, and Thriving Capital served as the exclusive financial adviser. According to the firm, this round of funds is expected to be mainly used for research investment and operational reserve.

SEVALO is an intelligent big data enterprise that takes tendering data as the core and empowers B2B marketing. The company provides customers with instant messaging and historical tendering data through DaaS mode to meet customers' needs to find potential customers, obtain business opportunities, develop channels and market analysis. At the same time, the company also provides industrial, scene-based products and personalized customization services based on Tendering data for medium and high-end customers through SaaS mode. SEVALO has built significant barriers in terms of data volume and accuracy, structured algorithms, and productization of data scenario applications in the past decade, maintaining a leading position in the industry.

Tendering is a crucial transaction way for Chinese enterprises and government markets to purchase and market, driving the effective operation of relevant industrial chains and business systems. It is estimated that China's tendering contributes 20% to 30% of GDP. In the long run, tendering's electronization and transparency are the general trends.