E-Journal: Zero2IPO Group | Zero2IPO Database | eWeekly | Login | 中文版 |
投资界 - 清科集团旗下中国股权投资行业门户网站
Location: Home > News > Investment > Lashou.com Raises US$50M in Series B Funding

Lashou.com Raises US$50M in Series B Funding

By Siva Liu , PEdaily.cn
Updated: 2010-12-02 11:16:00

Lashou.com, a domestic group purchase website, announced that it has received the second round of venture capital amounting to US$50M. This round of investment mainly came from Tenaya Venture, Norwest Venture Partners, GSR Ventures and Rebate Network.

PEdaily.cn had an exclusive interview with Wu Bo, CEO of Lashou.com. This investment was led by Tenaya Venture and completed very fast, Wu said.

Before that, Lashou.com had received the first round of US$5M financing from Taishan Angel Fund, Founder of Daily Deal, a European group purchase website, and GSR Ventures. In this June, it has got US$5M of loans from such venture capital companies as GSR Ventures. Plus this round of proceeds, Lashou.com has accumulatively received US$60M of venture capital.

Wu disclosed, these proceeds will be used for return to users, promotion in cities and marketing promotion. Before the end of next year, Lashou.com will achieve its target to open 200 to 300 urban group purchase sub-websites, including Hong Kong, Macau and Taiwan.

Related News
2011-04-12China Lashou's Latest Fundraising Values It at US$1 B
2011-04-11Lashou.com Announced the Completion of Series C Financing Totaling US$111M
2010-12-03Lashou.com Gets Round II Investment
2010-12-02Chinese Groupon, Lashou and Meituan both Confirm They Raised Venture Capital
Upcoming Events
  • The 5th China CEO Summit12, 02th ,2014
  • The 9th Zero2IPO-Venture 50 Awards12, 02th ,2014
  • The 14th China Venture Capital & Private Equity Annual Forum12, 03th ,2014