Tiantu Capital Leads $31M Series B Round In Kfyao

Beijing-based pharmacy O2O (online-to-offline) platform Kfyao has completed RMB200 million (US$31 million) series B round of financing from Tiantu Capital.

Kfyao says it will use the proceeds on expanding its offline pharmacy network and service improvement, according to Chinese media reports.

Li Kanglin, Tiantu Capital’s partner, will join Kfyao’s board.

Founded in May 2014, Kfyao received several million U.S. dollar angel investment from Unity Ventures that year. In June 2015, it completed RMB50 million series A round.

Kfyao currently operates in Beijing, Shanghai, Guangzhou, Shenzhen and Hangzhou.

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