Luckin Coffee Completes Series A Financing of US$200 Million Led by Centurium Capital
Beijing, July 11, 2018 – Luckin Coffee announced today that it has completed series A financing of US$200 million at post-money valuation of US$1 billion. The Investors include Centurium Capital, Joy Capital, Government of Singapore Investment Corp (GIC) and Legend Capital. Luckin Coffee was launched in January 2018, and operates 525 outlets in 13 cities including Beijing, Shanghai, Guangzhou and Shenzhen at the end of May 2018. Through integrated online and offline new retail model, Luckin Coffee stays connected with our customers and engage them anytime, anywhere. Driven by technology, its new retail model is built upon its mobile apps and store network. The mobile apps cover the entire customer purchase process, offering our customers a 100% cashier-less environment. Luckin procures coffee machines and coffee condiments from renowned global suppliers such as Schaerer. We also partner with reputable suppliers for our other products such as juices and light meals.
more-
LOHO Completes Series C Financing of US$100 Million Led by Centurium Capital
Beijing, September 10, 2018 – LOHO, China’s leading fashion eyewear brand, announced today that the company has completed series C funding of nearly US$100 million. The financing was led by Centurium Capital, and the capital raised is expected to be used to improve supply chain enhancement and brand promotion. Founded in 2012, LOHO is the No. 1 online fashion eyewear brand in China, operating more than 400 stores nationwide in over 100 shopping malls and central business districts in major cities including Beijing, Shanghai, Guangzhou, Shenzhen, Nanjing, Chongqing, Chengdu and Changsha. So far, the company has completed three rounds of funding and early investors include Vertex Ventures, KTB Ventures and Sequoia Capital. Huang Xinzhong, Founder and CEO of LOHO, commented, “We will increase investment in R&D of eyewear and improve user experience, and accelerate our growth.” LOHO’s key competitive features are its innovative online/offline retail operating model and pioneering fashion eyewear brand positioning. With both online flagship stores and offline stores, consumers have both options to purchase glasses and search store locations, make reservations online and place orders. LOHO is also a pioneer in M2C (manufacturing to consumers) model, backed by its efficient supply chain, to offer cost-effective eyewear products...
201809-10 -
Keking Completes Series C Funding of RMB1 Billion Led by Ant Financial and Centurium Capital
Shanghai, December 3, 2018 – Keking announced today that it has completed series C funding of RMB1 billion, led by Ant Financial and Centurium Capital, and co-investors include Sequoia, Tebon Securities and Tenglan Industry. For Ant Financial, the investment into Keking is of strategic value as it is the first investment into the SME fin-tech field following the introduction of “new logistics” concept at the 2018 Global Smart Logistics Summit. Ant Financial will partner with Keking to offer big data, technology and financial service to best meet the demands of logistic SMEs and trucking drivers. Previously, Keking has received series A funding of RMB100 million from Sequoia Capital in December 2015. The company completed series B funding of RMB200 million in December 2016 led by AVIC Trust and participated by Sequoia Capital, Tebon Securities and Fellow Partners. Logistics is the backbone of real economy that connects manufacturers and distributors to customers. In 2017, China’s total logistic expenditure of private sector was RMB12 trillion, accounting for around 15% of GDP, much higher than that of developed economies. However, the sector growth is hindered by the fact that trucking SMEs and drivers in logistics sectors in China are generally lack of...
201812-03 -
Happy Kids Education Completes Series D Financing Led by Centurium Capital
Beijing, December 5, 2019 – Happy Kids Education (Zhang Tong Jia Yuan) announced today that it has received Series D funding of US$100 million led by Centurium Capital. The capital raised will be used to enhance the online platform, improve efficiency of its partners network and create a new eco-system for pre-school education in China. With unique patent technology, powerful offline service system and continued R&D investment, Happy Kids has achieved strong growth in market share and number of monthly active users. Happy Kids has become a leading player in parents-kindergarten education sector within four years since its inception in 2014. According to the weekly ranking in November 2018 by Quest Mobile, Happy Kids has 8.95 million parents and 690,000 teachers were active using its app, accounting for 65% and 70% of the total number of parents and teachers respectively who use the similar kind of apps. Renqian Ye, founder of Happy Kids, commented that the strategic funding will help the company further strengthen its market position. He said, “we are going to build a more open platform and an improved environment for higher efficiency.” Happy Kids will focus on families with 2-6 year-old children to effectively integrate online and...
201812-05 -
Luckin Coffee Completes Series B Financing of US$200 Million at Valuation of US$2.2 Billion
Beijing, December 12, 2018 – Luckin Coffee announced today that it has completed series B financing of US$200 million, with post-money valuation of US$2.2 billion. The financing was led by Centurium Capital and Joy Capital, and was participated by the Government of Singapore Investment Corp (GIC) and China International Capital Corporation (CICC). Headquartered in Xiamen, China, Luckin Coffee started trial operation in January 2018. At the end of November 2018, it has built 1,700 outlets in 21 cities including Beijing, Shanghai, Guangzhou and Shenzhen. The stores are densely located from within 500 meters’ radius of walking distance in core areas in Beijing and Shanghai. Luckin’s coffee beans won the gold award at the 2018 International Coffee Tasters (IIAC) in Milan, Italy in December 2018. The company completed series A financing of US$200 million on July 11, 2018, with post-investment valuation of US$1 billion, making it the fastest-growing unicorn startup in China. It completed Series B financing of US$200 million in December 2018, only five months later, with post-investment valuation doubled.
201812-12
京公网安备 11010502038287号