5Y News | ClickPaaS Announces Completion of Tens of Millions of Dollars in B+ Round Funding, Doubling Down on Low-Code Ecosystem Development

ClickPaaS, a leading low-code development platform in China, has raised tens of millions of dollars in a Series B+ round. The round was led by HSG, with continued follow-on investment from existing shareholders BAI Capital, SIG Asia Investments, Future Capital, and 5Y Capital. Silver Oak Capital served as financial advisor. Proceeds will be used for ongoing product R&D and ecosystem development.

Liu Kai, Partner at 5Y Capital, said: "ClickPaaS is the most professional low-code platform for enterprise software in China. It not only possesses top-tier full-scenario model-driven design capabilities, but is also the most advanced company in building open and open-source ecosystems. 5Y Capital was the company's earliest institutional investor. We have long been bullish on the digital transformation trend among Chinese enterprises. As foundational software for digital transformation, low-code platforms will evolve into critical infrastructure for the software industry over the long term. We look forward to seeing the company continue to refine and innovate on this super track."

Founded in 2017, ClickPaaS has positioned itself to capitalize on a major shift in enterprise software. In the current wave of digital transformation, SaaS is indispensable. Yet in traditional development environments, standard SaaS products often sacrifice customization for the sake of generalization and universality, leaving them ill-equipped to handle the complex, industry-specific requirements of large enterprise clients. As a result, SaaS vendors are gradually shifting away from domain-specific, process-driven, experience-first, public-cloud-delivered approaches toward platform-centric, data-driven, value-first, hybrid-deployment models. ClickPaaS has actively seized this transition opportunity, positioning itself as a model-driven low-code PaaS platform for complex scenarios that maximizes flexibility, customization, and personalized development to empower SaaS software. Gartner projects that by 2024, low-code will account for more than 65% of all application development activity. For customer-specific scenario development, low-code significantly reduces implementation costs that would otherwise require substantial investment, while further lowering ongoing maintenance and iteration costs.

Amid the broader digital transformation wave, companies across sectors are actively seeking domestic alternatives to SAP, Oracle, and other Western vendors. ClickPaaS founder and CEO Hu Bai believes that enterprise digital platforms can be decomposed into five elements: first, modeling capabilities for both complex and simple scenarios; second, UI/UX capabilities suited to Chinese enterprises that can be flexibly modified; third, in-depth case studies and template references; fourth, stable systems that pass various stress tests, performance tests, and security tests; and fifth, openness and controllability compatible with different systems. ClickPaaS's positioning is to empower the supply side through technology while serving the demand side.

At the product level, ClickPaaS has focused on business scenario modeling capabilities from its early days. It recently launched Designer Pro, a new UI/UX and professional design platform that enables professional designers to customize system interfaces and interactions for enterprises, addressing localized design requirements. For templates and case studies, ClickPaaS has built an application template library that deeply penetrates critical business systems and core business system scenarios — abstracting complex systems such as bank leasing, valuation, and rating into deep-scenario service case libraries. On system stability, ClickPaaS has made numerous underlying technical breakthroughs, releasing Grid Pro, a high-performance big-data grid platform. "The technical requirements for any tool or display format differ enormously depending on data volume. Our Grid Pro can process Excel spreadsheets of up to 5 million rows with zero latency — the performance demands on the system are extremely high," Hu Bai noted. Meanwhile, ClickPaaS has benchmarked against Salesforce's latest platform products and released DFA (Data Flow Automation), its newest automated data flow platform.

On the commercialization front, ClickPaaS has established deep, close partnerships with ecosystem collaborators, penetrating critical and core business systems in financial services, industrials, energy, defense, and pharmaceuticals. In financial services, for instance, ClickPaaS's products are delivered to banking clients alongside consulting solutions from firms like PwC. In industrials, ClickPaaS works with European industrial consulting firms to produce Industrial Internet consulting and system solutions. In overseas markets, ClickPaaS has validated several key application scenarios and launched an international version. Currently, ClickPaaS's overall contract value ranges from several hundred thousand to tens of millions of RMB. Ninety percent of revenue comes from channel ecosystem partners, with over 80% of projects led by partners for delivery. The company is on track to achieve 100% revenue growth in 2021.

5Y Capital (formerly Morningside Venture Capital) currently manages approximately RMB 32 billion across USD and RMB dual-currency funds. 5Y Capital seeks out, supports, and inspires entrepreneurs who are alone in their convictions, providing support from spiritual encouragement to full operational assistance. We believe that if the world begins to believe in the you that others see as crazy, the world will become a different place.

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