Cloopen Group Holding Limited announced that it has received $28,300,000 (CNY 200,276,270) in its series D round of funding led by Prospect Avenue Capital on October 22, 2019. The transaction includes participation from China V Fund Management Co., Ltd., Steppe Capital Pte. Ltd. and Sequoia Capital China. The round is raised at a post money valuation of over CNY 5,500,000,000.