B2B Steel Site Zhaogang Lands USD 35 Mln Series C
36Kr, 1/02/14
Zhaogang Wanjia E-Commerce, operator of steel industry B2B e-commerce site Zhaogang.com, has announced the completion of a third round of funding worth USD 34.80 mln, bringing the company's valuation to USD 200 mln. Investment was led by Bull Capital Partners and Sequoia Capital, with participation from previous investors Matrix Partners and China Renaissance K2 Ventures.
As opposed to other B2B steel search platforms, Zhaogang offers commission-free in-site transactions for buyers, with sellers paying a transaction fee on the site.
Keywords: Zhaogang Wanjia B2B e-commerce Internet funding Matrix Partners Sequoia Capital third-round Bull Capital Partners China Renaissance K2 Ventures
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