China-based production company Up Pictures has raised approximately RMB100m ($15m) in a series A round led by Legend Capital, the investment arm of conglomerate Legend Holdings, China Money Network reported today.
Junyuan Capital also supplied funds to the round. Up Pictures is valued at $200m post-money.
Founded in 2015, Up Pictures produces a range of online streaming shows and movies. It previously obtained an undisclosed amount in an angel round supplied by entertainment company Huayi Brothers.
Up Pictures has not said what it intends to do with the fresh capital.