FountainVest Leads $223M Series C Round In Fangdd.Com

Shenzhen-based Chinese real estate O2O (online-to-offline) services platform Fangdd.com has completed US$223 million series C financing led by FountainVest Partners.

The round was completed in July, according to a Weibo announcement posted by the company.

In July 2014, Fangdd.com raised US$80 million series B financing from Vision Knight Capital China Fund, Lightspeed China Partners, and CDH Venture Partners.

Founded in 2011, Fangdd.com previously received RMB50 million series A financing from CDH Venture in July 2013.

Fangdd.com currently provides real estate services for brokers, buyers, sellers and property developers. It launched an Internet finance arm earlier this year to facilitate real estate transactions.

The company operates in 50 cities in China, including Beijing, Shanghai, Nanjing, Hangzhou, and Suzhou.

 
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Nina Xiang
Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.

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