Venture Capital

Open-source Company Pingcap Announces $270M Series D Funding

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SAN MATEO, Calif., November 17, 2020-- PingCAP, the team behind TiDB, the industry-leading distributed SQL database, announced today the closing of $270 million in Series D funding. The funding was jointly led by GGV Capital, Access Technology Ventures, Anatole Investment, Jeneration Capital, and 5Y Capital (formerly known as Morningside Venture Capital). Coatue, Bertelsmann Asia Investment Fund (BAI), FutureX Capital, Kunlun Capital, Trustbridge Partners, and existing investors Matrix Partners China and Yunqi Partners also participated in this round.

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