China-based courier service platform YunNiao.me has raised $10m in series A funding from investors including Shanda Capital, a subsidary of online content provider Shanda Interactive, China Money Network reported today.
Matrix Partners and GSR Ventures also participated in the round. YunNiao provides an online platform that matches van owners with Chinese enterprises in need of same-city courier services.
Launched in September, the company has a full-time workforce of about 50 staff and 3,000 registered vehicle owners.
He Xiaodong, COO of YunNiao, said the capital will be used to advance the company’s online platform and insurance service. Xiadong expects the courier service to expand to a fleet of 30,000 vehicles across Beijing by June this year.