China-based gold trading service G-Banker has closed a RMB 107m ($17m) series B round co-led by telecoms firm SoftBank’s local corporate venturing unit, China Money Network reported today.
SoftBank China Venture Capital co-led the round with real estate firm Evergrande Group. Three unnamed investment firms also invested in the round.
Set up in December 2014, G-Banker operates an online platform and offline stores for consumers to sell, buy and store their gold. The company claims to have 250,000 users across its 20 retail locations.
The company previously received several million dollars in series A funding from SoftBank China in April 2015.