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CAPITAL RAISING  [more in CAPITAL RAISING]

Google Confirms Comsenz Investment 

China Yahoo, Comsenz, Dai Zhikang, ECSHOP, GOOG, Google, Internet, Morningside Ventures, Qihoo, SNS, Sequoia Capital, Software, Zhou Hongyi

Posted by: Megan Ko on Mar 26, 2008 | 20:03

Editorial Summary

Google (Nasdaq: GOOG) invested approximately US$1 million in Beijing-based online forum and community software and service provider Comsenz Inc. in July, 2007 as part of Series B funding, according to an SEC filing released on Tuesday. Funds operated by Sequoia Capital China hold more than ten percent of Comsenz's outstanding shares, said the filing. Morningside Ventures and Sequoia Capital China also joined the second round, reports ccidnet.com. Comsenz CEO Dai Zhikang said the majority of funding will be spent on product development, reports Sina.

Comsenz received first round funding of US$2 million from Sequoia Capital China and former China Yahoo president and current Qihoo chairman Zhou Hongyi in 2006. Comsenz announced its acquisition of online store software system provider ECSHOP last summer.



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Keywords in this article:
China Yahoo, Comsenz, Dai Zhikang, ECSHOP, GOOG, Google, Internet, Morningside Ventures, Qihoo, SNS, Sequoia Capital, Software, Zhou Hongyi

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