China Media Capital Holdings (CMC) and Chinese alternative investment manager CITIC Capital have acquired 13% of City Football Group (CFG), valuing the Manchester City parent company at $3bn.
Danish VC Heartcore Capital, UVC Partners and existing investor Picus Capital also take part
Deal is an extension of the $4.1m series-A funding round led by Blossom Capital in October 2019
Fresh capital will help the provider of cloud access services expand in western Europe
DBay has also negotiated a new revolving credit facility for the transport and logistics company