Zhuge.com, a China-based real estate e-commerce platform backed by diversified conglomerate Fosun, has raised over RMB100m ($15m) in series C2 funding from unnamed Chinese state-backed vehicles.
Also known as Zhuge Zhaofang (Zhugefang.com), Zhuge operates an online marketplace that includes pricing and location data on new and resold properties in almost 3 million communities across 850 Chinese cities, and more than 800 real estate agents and brokers advertise their listings on its platform.
The fresh funding came a year after the company raised $14.1m in a series C1 round featuring Fosun’s RZ Capital unit, Beizeng Group, Sequoia Capital China and Zero2IPO to take its total funding to $50m.
Zhuge received $22.6m in series B funding in a mid-2018 round led by Sequoia Capital China that also featured Fosun RZ Capital, property agency Shanghai Resource Property Consulting, Aqua Ventures, Maintrend Capital and Suben Investment.
Maintrend Capital had participated in a $7.3m series A round for the company the year before with unnamed returning investors.
Fosun RZ (known at the time as Fosun Kinzon Capital) had led Zhuge’s $4.5m pre-series A round fin October 2016, after a $1.5m round featuring Aqua Ventures four months earlier.
