Vision Knight Capital, Lightspeed China Partners and CDH Venture Invest US$80 Million in Fangdd.com (Asia)

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

China-based real estate portal Fangdd.com has raised US$80 million in a Series B financing round from venture capital firms Vision Knight Capital, Lightspeed China Partners and CDH Venture. CDH previously invested RMB50 million (approximately US$8 million) in the company in July 2013. The fresh capital will be used to improve users' online and offline purchasing experience.