Matrix Partners China & Morningside Technologies Participate in a Series C Round for Lamabang (Asia)

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

China-based parenting e-commerce website Lamabang has raised US$100 million in a Series C round of funding led by China-based online retailer Vipshop, with participation from venture capital firms Matrix Partners China and Morningside Technologies and asset management firm Greenwoods Asset Management. Lamabang raised US$20 million in Series B funding led by Greenwoods in July 2014, in a round that also included Vipshop, Matrix Partners and Morningside.