Martin Lau, President, Tencent. Photo credit: World Economic Forum, licensed under Creative Commons

Chinese tech giant Tencent has led a new $50 million round for Zego, a developer of real-time communications software, joined by other investors including Qiming Venture Partners and IDG Capital. The investment marks a notable one for Tencent, given Zego was founded by the former head of the Chinese company’s QQ messaging app. Tencent is apparently betting on one of its former top executives to build another successful firm.

Zego’s founder, Lin Youyao, spent 13 years at Tencent before leaving to launch Zego with a group of colleagues. He has helmed the company as CEO since its founding and overseen its growth to a team of around 400 people, 80% of whom work in tech.

Zego provides real-time voice and video communications technology that powers online classes, streaming platforms, and enterprise collaboration. The company has been profitable since 2016 and is on track to double revenues this year, its CEO, Lin Youyao, says.

With this new round, Zego is known to have now raised a total of $70 million in outside funding.

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