BlueRun Ventures, Northern Light Venture Capital and Heli Capital Invest US$30 Million in Taodangpu (Asia)

Source: Tech in Asia | Author(s): Paul Bischoff

China-based online pawn shop Taodangpu has raised US$30 million in a Series B financing round from venture capital firms BlueRun Ventures, Northern Light Venture Capital and Heli Capital. Taodangpu runs two interconnected websites: online pawn shop Taodangpu.com and peer-to-peer lending platform 51dang.com. The start-up plans to use the investment to expand to cities beyond Beijing and Shanghai.