G7 has announced raising $200 million led by Trustbridge Partners and CS Capital, while early investors also participated in the funding.

G7 is one of the leading software service providers in China’s road freight industry. It offers IoT-powered Subscription Solutions and Transaction Solutions to freight managers. According to market research, G7 is one of the largest enterprise software companies in China’s road freight sector.

China has one of the world’s largest road freight markets and freight managers in China have strong demand for digitalizing their business through the adoption of enterprise software services. G7 has unique IoT capabilities which are fundamental for providing software services to the road freight industry. In the past three years, G7 successfully expanded its services from Subscription Solutions to Transaction Solutions, while its revenue continues to grow driven by strong up-selling and cross-selling.

The fund raised will be mainly used in product research and development and improvement in customer services.