CDH Venture and Unity Ventures Invest in Travel Service Provider Lailaihui (Asia)

Source: Asian Venture Capital Journal  |  Author(s): Winnie Liu

CDH Venture, a venture capital team under the umbrella of alternative asset fund manager CDH Investments, has led a new funding round for China-based backpacker travel service Lailaihui alongside existing investor Unity Ventures, a China-focused venture capital firm. The transaction was reported to be around US$1 million. Lailaihui intends to use the proceeds to improve after-sales service and launch new travel packages.