AAA Plum plumps for series B2 funding

Plum plumps for series B2 funding

Plum, a China-based e-commerce marketplace that counts human resources provider Recruit as an investor, has received tens of millions of dollars in series B2 funding, DealStreetAsia reported yesterday.

The round was led by an undisclosed US dollar-denominated fund and also featured venture capital firms Matrix Partners China and Unity Ventures.

Founded in 2017, Plum operates an online platform where individuals and businesses can sell second-hand luxury goods to consumers.

Recruit and VC firm Qiming Venture Partners had joined Matrix Partners China and Unity Ventures to provide $20m in series B-plus funding for the company in August 2019, according to DealStreetAsia.

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