Bennet Holding, the creator of China-based accommodation rental platform Mogoroom, has secured $29.3m in series C+ funding from investors including online game developer Giant Network Group, Marbridge Consulting has reported.
Giant Network Group and its Giant Investment subsidiary each provided $9.5m of the round to take a 4.1% stake in the company.
The round included Shanghai Yunfeng Xinchuang Equity Investment Partners, a venture capital fund 60% owned by e-commerce group Alibaba, as well as Crystal Precision, API (Hong Kong) Investment and Yunxin Investment Management.
Mogoroom is an online platform that enables users to rent standardised apartments. The company had previously received $55m in a two-tranche series B round featuring Ping An Ventures, the corporate venturing arm of insurance firm Ping An, which closed in 2015.
Haitong Kaiyuan Investment, a subsidiary of securities firm Haitong Securities, also took part in the series B round, as did IDG Capital and KTB Network. The round followed an eight-figure renminbi amount (RMB10 = $1.60) from Ping An Ventures and IDG Capital when Mogoroom launched.