China-based automotive parts supplier Mancando has collected RMB170m ($25.2m) in a series A round featuring Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, AVCJ reported on Monday.
The round was led by venture capital firm Eastern Bell Venture Capital. Mancando does not appear to have disclosed any previous funding.
Founded in 2015, Mancando operates an integrated business-to-business services platform that concentrates on automotive parts.
The company offers supply chain management software, including web and mobile apps, and operates warehouses that serve more than 95,000 garages across 13 Chinese cities and provinces.
Mancando also offers last-mile logistics from its warehouses to workshops in order to supply items such as ignition coils, bulbs and brake pads.
