AAA SIG checks into HotelGG’s $20m series B

SIG checks into HotelGG’s $20m series B

China-based conference venue booking platform HotelGG has attracted $20m in series B funding from investors including technology and trading firm Susquehanna International Group, China Money Network reported on Tuesday.

Susquehanna invested through its regional corporate venturing unit SIG Asia Investments, and was joined by venture capital firms Matrix Partners and Chengwei Capital.

Founded in 2012, HotelGG operates an online platform for business users to search for and book conference venues. HotelGG claims to have 100,000 users, and to process more than 12,000 bookings per month with a combined value of RMB 300m ($67m).

The company has not disclosed details about previous funding rounds.

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