SmartYoke closes multimillion-yuan Series B+ round

SmartYoke has completed Series B financing round, raising tens of millions of yuan. The round was led by Zhengxuan Investment and joined by Shenzhen Gaoxin Investment.

SmartYoke has completed Series B financing round, raising tens of millions of yuan. The round was led by Zhengxuan Investment and joined by Shenzhen Gaoxin Investment.

Proceeds from this round of funding will be used to expand the product and technical team, iteratively upgrade the existing series of products in the market, enrich the management system products, expand national sales channels, improve the B2B energy supply chain, and improve the speed of market coverage.

Founded in 2016, SmartYoke is a developer of an operational management platform for the energy retail industry. The company’s platform helps gas stations to attract and retain customers while generating extra profits by hosting commercial ads.

Currently, SmartYoke has more than 600 gas station corporate users and serves more than 5,000 gas stations. The company’s clients include large state-owned enterprises such as CNPC and Sinopec, as well as large joint ventures such as CNOOC.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/03/smartyoke-closes-multimillion-yuan-series-b-round/.

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