Qiming-Backed Lagou Raises $34M In New Funding Round

Beijing-based technology sector online recruitment platform Lagou has completed RMB220 million (US$34 million) new round of funding led by a Chinese investor, according to Chinese media reports.

China Money Network cannot verify the identity of the lead investor. Existing investor Qiming Venture Partners also participated in the round.

The round follows a US$25 million series B round led by Qiming in August 2014, with participation from existing investor Bertelsmann Asia Investments.

The company says it will use the latest proceeds on new product development and service improvement.

Launched in July 2013, Lagou.com is a job-matching site focused on the Internet and technology sector.

It currently has nearly six million individual users and 110,000 enterprise users, according to the Chinese reports.

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