Merico nets tens of millions of yuan in Pre-A round led by GGV

2020-06-24
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ChinaPEVC

Merico nets tens of millions of yuan in Pre-A round led by GGV

Merico, a codebase analysis platform, has recently raised tens of millions of yuan in Pre-A funding round. This round was led by GGV, Legend Star and existing investor Polychain Capital. Merico was founded in 2018 and was previously funded by Polychain Capital and OSS Capital in a USD1.1 million angel round.


Currently, Merico's team is predominantly technical and is located in both China and the United States. Company founder and CEO Ren Jinglei said, proceeds from this round of financing will be used mainly for product development optimization and team expansion.


Merico is a developer of a big data analysis technology designed to provide software engineering management service.


The company uses advanced program analysis and machine learning to provide users with software engineering management, human resource management and information resource management services, enabling clients to gain deep insight into individual contribution across the development team, so that they can optimize resource allocation and boost team productivity.


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