Palm Commerce Information Technology

company

About

Palm Commerce Information Technology is a Chinese developer of lottery-related software and technical solutions.

  • 1 - 10

Details

Last Funding Type
Series A
Last Funding Money Raised
$15M
Industries
Developer Platform,E-Commerce,Information Technology,Software
Founded date
Mar 1, 2006
Number Of Employee
1 - 10
Operating Status
Active

Palm Commerce Information Technology is a Chinese developer of lottery-related software and technical solutions. The company’s products are currently applied to computer and mobile terminals of the national welfare lottery system.

Palm Commerce Information Technology’s software, systems, terminals and mobile solutions are used in 13 provinces, municipalities, and autonomous regions in China. The products of Palm Commerce take up over 40% of the nationwide computer welfare lottery market share and over 50% of the mobile phone lottery market share, thereby ranking itself the first throughout the country in terms of its market share and number of users.

Palm Commerce Information Technology was incorporated in the Tianjin Development Area in March 2006, with its registered capital being 12 million USD.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$15M
Palm Commerce Information Technology has raised a total of $15M in funding over 2 rounds. Their latest funding was raised on Mar 1, 2007 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 1, 2007 Series B 1 Detail
Mar 1, 2006 Series A $15M 1 Sequoia Capital Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Palm Commerce Information Technology is funded by 1 investors. Sequoia Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Sequoia Capital Series B