Hong Kong – K&L Gates has advised PRC-headquartered growth capital private equity fund Lingfeng Capital, in the recent Series A funding round of LeapXpert, a Hong Kong-based communications and messaging platform provider. Lingfeng Capital led the investment with Summer Capital, with four other international investors also participating. The current round brings the total funds raised by LeapXpert to US$14.1 million since its inception in 2017.
K&L Gates Hong Kong corporate partner William Ho, who led the team that advised Lingfeng Capital, stated: “This is the third investment we have closed with Lingfeng Capital in recent months. We are excited to have worked with Lingfeng Capital on this investment, where we were able to leverage our extensive experience in advising and connecting prominent venture capital and institutional investors with companies in need of funding and strategic partners.”
Lingfeng Capital was founded in 2015 and manages both USD and RMB funds. It invests in innovative fintech and technology companies in the Greater China region and provides strategic advice to portfolio companies looking to enhance their business models, integrate resources and increase enterprise value.
LeapXpert assists enterprises in integrating consumer messaging applications into their business-critical systems and processes via a centralized platform, enabling these enterprises to have real-time visibility of conversations over all messaging channels.
Ho was supported by a team of Hong Kong lawyers that included associates Eva Ying and Dorothy Hung and trainee solicitor Amy Lau.