Chinese software as a service solutions provider Black Lake Technologies has landed 150 million yuan ($22.2 million) in its Series B funding round.

GSR Ventures and Bertelsmann Asia Investments jointly conducted the round with participation from existing investor, GGV Capital, and ZhenFund.

Black Lake aims to use the net proceeds from the round to recruit more engineers and sales personnel as well as for product innovation and business expansion.

In 2017, the company collected $1.5 million in its Series A funding round.