SBCVC Injects $15M In Travel App Maker 117Go

Shanghai-based travel mobile app maker 117Go has received US$15 million series B funding from SoftBank China Venture Capital (SBCVC), according to Chinese media reports.

Previously, 117Go received US$1 million series A funding from Redpoint Ventures in 2012. The company received several million U.S. dollar series A+ round from Alibaba Group last year.

Travo says it will use the proceeds on strengthening its products and brand, as well as establish a mobile travel e-commerce platform.

Founded in 2011, 117Go has tens of millions registered users and over 200,000 active daily users.

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