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Baring Asia makes Series A software investment

Monday, May 16, 2022


(AVCJ by Tim Burroughs) - Baring Private Equity Asia (BPEA) has committed USD 10m in Series A funding for a significant minority stake in CBX Software, a Hong Kongfounded product lifecycle management platform provider.

The intention is to support CBX through the next stage of its growth, characterised by geographic expansion, strategic acquisitions, notably in the technology-enabled retail supply chain space, and product development efforts focused on entering new industry segments.

The company has not previously taken institutional investment; its founders will remain in control following BPEA’s arrival, according to a statement. No indication was given as to whether the private equity firm, which typically makes equity commitments far larger than USD 10m, will make additional investments in CBX.

 

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