Sequoia Capital Leads $16.5M Series B Round For Decoration Platform To8to

Beijing-based online decoration platform To8to has raised around RMB100 million ($16.5 million) in series B financing, according to a company announcement.

Sequoia Capital led the round. Existing investor Matrix Partners also participated.

Details of the investment were not disclosed.

To8to previously received several millions U.S. dollars series A funding from Matrix Partners in 2011.

The company says it will use the proceeds on expanding its services to more cities, team expansion, as well as enhancing supports for decoration companies, designers and decoration workers.

Founded in 2009, To8to provides services for users to find contractors to renovate and decorate their apartments. The platform currently has attracted nearly 60,000 decoration companies and 700,000 designers from 80 cities in China.

China Expert network