The latest round of financing will be used to recruit more talents and improve product and services, says Blued’s founder, Geng Le.
David Chao, co-founder and general partner of DCM, confirmed the investment. Chao says DCM will help Blued explore global expansion with its international resources.
Earlier this year, Blued received RMB10 million ($1.6 million) series A funding from Crystal Stream.
Launched in 2012, Blued has more than 15 million users, of which 3 million are from overseas.
In October, the San Francisco Employees’ Retirement System (SFERS) says it would commit US$25 million to DCM Ventures China Turbo Fund L.P., which is currently on the road targeting to raise a total of US$170 million.