KPCB China Leads a US$30 Million Series B Round for Mobile Marketing Company Lomark (Asia)

Source: Lomark, Greater China Private Equity Review  |  Author(s): Stephen Leung

Venture Capital firm Kleiner Perkins Caufield & Byers China (KPCB China) has led a US$30 million Series B financing round for China-based mobile advertising company Lomark. Venture capital firms DFJ DragonFund, ABC Capital and Shenzhen Fortune Venture Capital also participated in the round. Lomark had previously raised a Series A round from DFJ. The company intends to use the new funding for service upgrades, product development, data analytics and brand building.