China-based internet café chain operator Wanyoo has raised RMB210m ($30m) in a series D round co-led by Yicun Capital, an investment arm of industrial conglomerate Jiangsu Huaxicun, according to China Money Network.
Venture capital firms Fortune Capital and Mingjia Capital co-led the round.
Founded in 1998, Wanyoo currently operates more than 850 internet cafés, co-working spaces and electronic sports facilities across 100 cities in countries including the US, Canada and Australia.
The company will use the cash to drive further international expansion, and has set a target of 5,600 cafés globally by 2020.
Wanyoo previously secured funding from online gaming platform Lianzhong and Hangzhou Shunwang Technology, a software developer focused on products for internet cafés, as well as private equity fund Prometheus Capital, though precise details of their investments have not been revealed.