Sequoia Leads Series B Financing Rounds for Two China-based Companies, Daoxila.com and Miyabaobei.com (Asia)

Source: Greater China Private Equity Review | Author(s): Maggie Lee

Venture capital firm Sequoia Capital China has led a Series B financing round for China-based online-to-offline wedding planner Daoxila.com. Fidelity Worldwide Investment’s venture capital arm Fidelity Growth Partners Asia also participated. The new funding will be used for customer experience enhancement, technology upgrades and talent recruitment. Financial details of the transaction were not disclosed. Separately, Sequoia Capital China has led a US$20 million Series B financing round for China-based infant care online retailer Miyabaobei.com. China-focused seed fund ZhenFund and venture capital firm China Renaissance K2 Ventures also participated in the round.