Hong Kong-based mobile logistics booking platform Lalamove has received US$10 million series A financing led by Chinese venture firm Crystal Stream Capital, according to the official LinkdIn page of Lalamove’s CEO Chow Shing-yuk.
Geek Founders, Mindworks Ventures, Sirius Venture Capital, Aria Group and other undisclosed individual investors also participated in the round.
The proceeds will be used to expand the company’s current market coverage in Hong Kong, Singapore, Bangkok, Guangzhou, Shenzhen and Taipei.
Launched in December 2013, Lalamove, formerly named EasyVan in Hong Kong and Taiwan, focuses on improving last-minute delivery and moving services by providing a more efficient and transparent way for users and drivers to connect.
