Greenwoods Asset Management Leads $20M Series B In Lmbang

Shenzhen-based mommy communication platform Lmbang has received US$20 million in series B financing, according to a company announcement.

Greenwoods Asset Management Limited led the round. Existing investors Morningside Ventures, Matrix Partners and K2 Ventures also participated.

Lmbang previously received several millions U.S. dollar series A financing led by Morningside Ventures, Matrix Partners and K2 Ventures last August.

In 2012, it received several millions RMB angel investment from K2 Ventures.

Founded in 2012, Lmbang is a mobile app social networking platform for moms, where they can share and communicate the life and growth of their babies. Its products include "Hot Mom Micro-Life" and "Love Baby 365″.

By the end of June, Lmbang has more than 20 million registered users and 2.6 million daily active users.