Teambition, a team collaboration platform, recently announced $12 million in series B funding led by Northern Light Venture Capital with participation of existing investors Gobi Partners, IDG and Vangoo Capital Partners. The Shanghai-based startup has secured a $5 million USD Series A round led by IDG at the end of last year.

As a software as a service (Saas) platform, Teambition is a maker of cloud-based project management tools, enabling users to collaborate on projects and share or edit documents in real time across departments, continents, and business applications. It’s available on the web and mobile in Chinese (simplified and traditional), English, Japanese, and Korean.

Amid the rise of 2B services, Teambition has recorded a surge in users with paid clients, increasing from less than ten at the beginning of this year to over 10,000 to date. The company disclosed its user base climbed by nearly 3.5 times since the latest round of financing. Mobile service is taking an increasingly larger share, accounting for nearly 50% of the total traffic.

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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.