China-based provider of a social commerce platform See has raised tens of millions of dollars in a series C+ round backed by media group Bertelsmann, according to Kr Asia.
Sequoia Capital led the round, while Qianhai Fangzhou, Danhe Capital, IDG and Morningside Capital also contributed funding. Bertelsmann invested through its regional investment arm Bertelsmann Asia Investments.
The deal follows a series C round backed by internet company Tencent in January 2018. See has reportedly raised more than $50m across the series C and C+ rounds, though individual sums have not been revealed.
See operates upstream supply chain, logistics and warehousing services to public accounts on messaging platform WeChat, with the aim of monetizing content through e-commerce. See also offers features such as group buying and the ability to redeem credit.
The company has not revealed details about its earlier funding rounds.