In September 2020, Leagsoft Technologies Inc. ("Leagsoft") completed its B-round financing, led by China Internet Investment Fund ("Ciifund"), and followed by High-tech Investment, with the total investment amount reaching nearly 100 million yuan.
Leagsoft focuses on the enterprise-level network security market. It has facilitated successful implementations of network security programs in finance, manufacturing, power, government, medical care, telecom carriers and other industries, and has created multi-scenario solutions for customers in endpoint, boundary and cloud areas by constantly using big data, artificial intelligence and other new technologies. With forward-looking vision and positive and rapid action, Leagsoft has achieved good results during its development of more than ten years.
Ciifund is a country-level investment institution approved by the State Council and jointly initiated and established by the Office of the Central Cyberspace Affairs Commission and the Ministry of Finance. The planned total size of the fund is 100 billion yuan, with the initial scale of 30 billion yuan. Ciifund aims to play the role of capital to better facilitate the development of the digital economy and the implementation of national cyber development strategy. Ciifund focuses on innovative technologies and models in key areas such as basic internet technologies and facilities, network security, artificial intelligence, internet +, big data, cloud computing, and network information services. Ciifund selects growth-oriented enterprises and high-quality internet projects that are in line with the national strategy and have good prospects, so as to give a boost to outstanding internet enterprises.
Llinks, acting as the legal counsel of Ciifund and with its extensive experience in the investment field, provided legal services in respect of legal due diligence, transaction documents draft, review and negotiations, and communications with all parties, etc.
