Sequoia Capital China Joins $15M Series B Round In Joyowo.Com

Sequoia Capital China has joined a RMB100 million (US$15 million) series B round of financing in Joyowo.com, a Hangzhou-based online human resources service firm, according to a company announcement (in Chinese).

Tsing Ventures, Meridian Capital China and others also participated.

Sequoia Capital China and Meridian Capital China were existing investors and made an undisclosed series A in the start-up previously.

Founded in 2014, Joyowo.com provides online human resource outsourcing services to small and medium enterprises.

It claims to have nearly 1,000 employees and serves companies in over 400 cities in China.

 
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