AAA Lagou recruits Bertelsmann for $25m round

Lagou recruits Bertelsmann for $25m round

China-based online recruitment service Lagou.com has raised $25m in series B funding in a round featuring Bertelsmann Asia Investments, a subsidiary of media company Bertelsmann, China Money Network reported on Wednesday.

Venture capital firm Qiming Venture Partners also participated in the round, which valued Lagou at over $100m..

The job matching website, which is focused on positions in the internet and technology sector, has close to one million individual users. The funding follows a $5m investment from Bertelsmann in March this year.

Lagou previously raised seed funding from Decent Ventures and Zhenfund in 2013. 

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