China-based online-to-offline property developer JuLive secured $62m yesterday in a series C-plus round co-led by internet group Tencent and growth equity firm Oceanpine Capital.
Eight Roads Ventures, a subsidiary of investment and financial services group Fidelity, also took part in the round, as did Sequoia Capital China and Source Code Capital.
Founded in 2014 as Beijing Comjia Technology, JuLive has developed an online real estate marketplace that enables users to find properties in its home country. It will use the funding to increase market coverage and improve its technology and services, according to CEO Wang Peng.
The company had raised an eight-digit dollar amount from undisclosed investors in a 2019 series C round, after a similarly sized series B-plus round led by Eight Roads and backed by diversified conglomerate 58 Group at an undisclosed date.
The series B-plus funding followed a series B round led by Vertex Ventures China and a series A investment by Source Code Capital, both sized at tens of millions of dollars. The company’s earliest funding was an angel round featuring K2VC that also took place at an undisclosed date.
