China-based co-working spaces provider MyDream+ has raised $20m in a series B round that included credit assessment platform Wecash, according to China Money Network.
The round was led by venture capital firm Joy Capital and also included VC firm K2VC.
Established in 2015, MyDream+ operates 16 co-working spaces across Beijing. The company offers a total of 6,000 desks, with its more than 200 clients including businesses such as short-term holiday home rental platform Airbnb.
The money will support an expansion to additional cities such as Shanghai and Chengdu. The company also plans on developing a smart office automation product, though details have not been revealed.
The company previously obtained $1m in an angel round backed by K2VC and the Innoangel Fund, followed by a series A round of undisclosed size led by Joy Capital.