Lagou, a China-based online recruitment platform backed by media conglomerate Bertelsmann, has raised RMB 220m ($34m) in series C funding, China Money Network reported today, citing local media reports.
The round was led by an undisclosed investor but included Qiming Venture Partners, the venture capital firm that joined Bertelsmann subsidiary Bertelsmann Asia Investments for Lagou’s $25m series B round in August 2014.
Founded in 2013, Lagou operates a recruitment site targeted at the IT and tech industries, and has reportedly built up a user base of almost six million individuals and 110,000 businesses. The funding will be spent on product development.
Bertelsmann initially invested $5m in Lagou in March 2014, following an undisclosed amount of seed funding provided by Decent Ventures and ZhenFund the year before.