Convergent International Travel (CIT), a China-based travel and hotel supply chain platform, has secured RMB 100 million (approximately $13.8M) in a Series B+ funding round.
Investors
The round was led by Fengyuan Capital, with participation from Huashan Capital and continued backing from existing investor Mingyu Venture Capital.
Fengyuan Capital is a China-based venture capital firm investing in early to growth-stage companies across various sectors, including biotech, IT, finance, and industrials. It manages funds such as the Fengyuan Weixin Fund and primarily focuses on the Chinese market.
CIT Use of Funds
The company will use the new funds to upgrade its supply chain infrastructure, develop AI-driven intelligent platforms, and expand its global talent network.
About Convergent International Travel
Founded in 2015, Convergent International Travel provides a B2B platform for overseas hotels in China, focusing on hotel wholesale, digital marketing, and multi-dimensional marketing channels. The company’s proprietary SaaS platform enables travel agencies, travel management companies (TMCs), airlines, and banks to streamline resource procurement, optimize pricing, and enhance distribution through a closed-loop digital system. Convergent International Travel has built a network covering over 1.1 million hotels across more than 150 countries, supported by offices in 13 countries.
Funding Details
Company: Huizhi International Tourism Development Co., Ltd.
Raised: $13.8M
Round: Series B+
Funding Date: March 2025
Lead Investor: Fengyuan Capital
Additional Investors: Huashan Capital, Mingyu Venture Capital
Company Website: http://www.convergent-global.com/
Software Category: Travel and Hospitality Supply Chain
Source: https://www.chinatravelnews.com/article/186480