Advantech Capital Partners, an early-stage venture firm connected to New Horizon Capital, has led a US$32 million “Series B+” financing round for China-based security risk management software developer Hangzhou Tongdun Technology. Other participants in the round included a unit of China-based investment holding company Suzhou Oriza Holdings; China-focused venture capital firms Qiming Venture Partners, IDG Capital Partners and Linear Ventures; and China-focused private equity firms China Broadband Capital and China Growth Capital. Hangzhou Tongdun Technology provides anti-theft and anti-fraud risk control services to financial services companies, insurance companies and e-commerce platforms, among others.