Cross-border E-commerce SaaS Service Provider Lingxing Secures $44 Million Round C Financing, Source Code Capital Joins in
Lingxing, a cross-border e-commerce SaaS service provider, announced on Wednesday that it had completed a round C financing worth RMB 280 million ($44 million) led by Xianghe Capital and followed by its previous shareholders such as Source Code Capital, GL Ventures, Shunwei Capital, Eastern bell Capital. Taihe Capital served as the exclusive financial advisers.
Founded in 2017, Lingxing is committed to creating value for the cross-border e-commerce industry through SaaS ERP (Enterprise Resource Planning) products and making cross-border business easier. At present, the company has served more than 100,000 cross-border e-commerce enterprises, and its business grew by more than 200% in 2021.
The scale of Lingxing’s team has grown to over 700 people that cover service centers in over 20 cities across the country. Lingxing has insisted on a high-standard of R&D in order to provide safe and secure information services for enterprises.
With the broaddevelopment of e-commerce across borders, branding and streamlined management systems have become industry consensus. Lingxing’s ERP covers financial profit accounting, intelligent replenishment, supply chain management, advertising, customer service operations and other modules. By helping enterprises easily control personnel, goods and money, it is able to promote efficient collaboration within enterprises while enhancing the core competitiveness of cross-border e-commerce merchants.
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Lingxing is continuing to upgrade its standardized products, and is integrating an industry-leading management experience into its system design. In addition, standardized products are able to integrate with the internal systems of other cross-border e-commerce enterprises to quickly build digital sales links.