Teambition, a team collaboration platform, has secured US$5 million of Series A funding led by IDG and followed by Vangoo Capital Partners. The new investment will be used in expanding its business across Asia, as well as building R&D team, according to Qi Junyuan, CEO and founder of the company. Teambition has received 7-digit RMB funding from Gobi Partners last year.

Teambition is a software as a service (Saas) platform that provides products and services to foster team collaboration and project management. It enables users to collaborate on projects and share or edit documents in real time across departments, continents, and business applications. Users can share their thoughts with project members and learn what’s happening in real time. All project files are saved in the cloud, so members can view and discuss them at any time.

Teambition Interface

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.