Bizvane recently announced that it has completed Series B fundraising, led by Alibaba. The company aims to be a leading retail CRM service platform. At the end of 2017, Ventech China has led Bizvane Round A financing.

After financing, Bizvane will speed up business development, data mining, and will explore a variety of ways of cooperation with Alibaba to carry forward new retail strategies. Bizvane provides smart CRM as its main product to satisfy enterprises’ demand for lean management and marketing in the new retail times. The company helps to establish consumer service standards based on big data and improves operating efficiency and brand management of offline stores.

The founding team has many years of experience in the retail industry and establishes profound insights into the chain retail market. Bizvane has completed several versions of updates of its product and acquired many well-known clients in core market segments in the retail industry. Up to now, Bizvane has cooperated with more than 400 enterprises, with more than 260,000 users.

According to Morgan Zhang, the founder and CEO of Bizvane, “Our products and technologies help enterprises to establish a comprehensive, independent, and professional CRM management system. At the same time, we provide marketing data analysis and assist in the decision-making process to improve overall marketing efficiency for retail enterprises. In addition, Bizvane’s member management system connects the e-commerce, social platform, branding, and other cross-platform management, providing a comprehensive operational solution for enterprise users to explore target customers and improve customer retention and loyalty. It helps to achieve consumer-centered marketing and services and ensure that the core value of new retail can be implemented. In this round of financing, we will focus on the R&D of CRM products and provide further support to the implementation and development of comprehensive operation services in our retail industry.”

Eric Huet, the Managing Partner of Ventech China, believes that, “Bizvane provides data-oriented, operational and cross-platform CRM products, offering outstanding product experience and high-quality service for the new retail industry based on market demand and users needs."