Shanghai-based workplace collaboration platform Teambition announced this week that it has raised $12 million in Series B funding from investors including NLVC, IDG, Vangoo Capital, and Gobi Partners.

Teambition is an online platform that allows for workplace collaboration on things like events, tasks, posts, and cloud-based file libraries. Immediate comparisons that come to mind include Planner, Asana, Basecamp, Wunderlist, Trello, Slack, Jive, Dropbox, Google for Work, and even Microsoft 365.

This Series B round brings Teambition’s total funding to date to $17 million — it previously raised a $5 million Series A in December last year, and was, ironically, a 2013 graduate of Microsoft Ventures Accelerator program in Beijing. The company declined to comment on valuation.

Read More