China-based online property marketplace Zhuge.com has closed an RMB100m ($14.1m) series C1 round featuring Fosun RZ Capital, a corporate venturing vehicle for diversified conglomerate Fosun, KrAsia has reported.
The deal also included Zero2IPO, Beizeng Group and Sequoia Capital China and it increased the company’s overall funding to $50m.
Zhuge runs an online marketplace where users can view information such as pricing quotes and historical data on more than 1.6 million properties available to rent or buy in more than 680 Chinese cities. The series C1 cash will help it introduce new services and advance its research and development.
The company raised $22.6m in a July 2018 series B round led by Sequoia Capital China and backed by Fosun RZ Capital, estate agency Shanghai Resource Property Consulting, Maintrend Capital, Aqua Ventures and Suben Investment.
Maintrend Capital combined with unnamed existing investors to supply $7.3m of series A funding for Zhuge in March 2017, after a $4.5m pre-series A round led by Fosun RZ – then known as Fosun Kinzon Capital – in October 2016 and $1.5m from Aqua Ventures four months earlier.