Kaisi Times Technology (Shenzhen) Co., LTD. (Hereinafter referred to as Kaisi), a Chinese automotive post-market head company, announced on December 15 that it has completed a $35 million C3 round financing. This round of financing by the old shareholders source capital led the investment, Sequoia Capital China Fund, the Greater Bay Area with home, shun capital with investment.

       Jiang Yongxing, founder and CEO of Kase, said that the C3 round financing will continue to be used for product research and development and market expansion, further strengthen the commodity traceability system, and solve the problem of accessory purchase and after-sales traceability.

According to the data, Kaisi, founded in 2015, as an Internet technology company of post-auto industry, is committed to promoting the digital transformation of the industry, building open and shared technological infrastructure for the industry, and co-building industry standards and digital credit system. At present, the company's founders and core team are all from Huawei, Silicon Valley and auto parts industry. The company employs more than 1,700 people, including more than 450 product and technical teams and nearly 1,000 market operation teams.

       At present, kaisi has established a one-stop post-auto industry Internet platform & industry solutions through AI+Data and Google+ Meituan model, including auto parts trading platform "kaisi auto parts", auto repair shop SaaS software "no.1 workshop" and other infrastructure of auto parts logistics, supply chain finance and other industries.

       "The automotive distribution chain is long and very complex." Cao Yi, the founding partner of source capital, said that Kaisi use information technology and Internet platform to reshape the entire industrial chain and value chain, build a one-stop post-industry Internet platform, accelerate the digital transformation process of the industry, make the whole industry more convenient to use, is the value of an industrial Internet platform.

       Nearly 6 years after its establishment, the company has obtained seven rounds of financing from institutions including Da Wan District Common Homeland, Sequoia Capital China Fund, Source Code Capital, Fosun Ruizheng, Shunwei Capital, Weilai Venture Capital, Fengyuan Capital, Shanghai Cooperation Capital, Huaye Tiancheng and Chuangchuangyi of Cheung Kong Business School. In the second half of 2020, Kass has obtained C2 and C3 rounds of financing totaling 85 million US dollars.