China-based milk and beverage provider Lacheer has closed a series B round of undisclosed size co-led by Electronic World Trade Platform (eWTP), the cross border-focused fund backed by e-commerce group Alibaba, DealStreetAsia reported.
The company raised tens of millions of dollars in the round, which was co-led by venture capital firm Shenzhen Capital Group and also backed by investment firms Bu’er Capital and GenBridge Capital.
Lacheer provides milk products, fruit juices and soda water imported from overseas markets. The series B cash will go to enhancing its sales, marketing and supply chain activities.
GenBridge Capital had already provided $14.2m in series A funding for the company in August 2019, according to DealStreetAsia.
Image courtesy of Lacheer.