QF Capital Leads Series A In E-Commerce Platform Wangcl.Com

Shanghai-based eye glasses e-commerce platform Wangcl.com has completed an undisclosed series A financing led by venture firm QF Capital.

The round values the company at RMB200 million (US$32 million), according to an announcement on its official Weibo account.

Founded in late 2013, Wangcl.com operates a vertical O2O (online-to-offline) platform specialized in selling eye glasses.

Shenzhen-based QF Capital is founded Fu Zhekuan, a former partner at Shenzhen Fortune Venture Capital. The firm manages RMB550 million and has made over 30 investments.