(Yicai Global) July 13 -- China's digital contract signing platform 51Signing Technology has raised its second round of funds toward enhancing its blockchain technology and customer service.

Beijing-based 51Signing obtained CNY700 million (USD104.4 million) in this round of financing, which was led by Qingzhijie Capital, online news outlet Lieyunwang reported. Chinese venture capital firms DL Capitals and Fenbushi Capital also invested in the platform.

The funds will be used to strengthen customer service quality, as well as to enhance the application of blockchain, smart contract, and other technologies.

Founded in 2013, 51Signing engages in blockchain-based contracts and smart arbitration while using different identity verification methods. After its first financing round last year, the firm has set up marketing and sales teams in cities such as Beijing, Shanghai, and Shenzhen, and has so far served more than 1 million companies and over 60 million individual users.

Editor: Emmi Laine