TPG Capital Joins Series C Round For Sinowel

Beijing-based financial product marketing and service platform Sinowel Enterprise Group has completed an undisclosed amount series C round of financing from investors including TPG Capital, according to a company announcement.

China Everbright Limited, KPCB, and KeyTone Ventures also participated.

Jointly established by a team of financial services professionals and KPCB in 2000, Sinowel is the largest third-party telemarketing services provider for insurance and wealth management products market in China, according to information posted on KPCB’s website.

The company generates annual revenues of more than RMB30 billion (US$4.8 billion), says a statement the company issued in April.

It’s unclear when the company raised its previous financing rounds.

China Expert network