JOYRUN, a social app centered around running announced it completed USD 18 million in a B-series financing on Tuesday, Tecent news portal reports.
The company Yuepao Information Technology Co Ltd, founded in 2013, is headquartered in Gaungzhou. Its product JOYRUN is an app that combines running and socializing. It aims to construct a running community by providing services like: searching for running pals, forming runner groups, and sharing running records. According to company data, 15 million users have registered on the platform as of November.
Liang Feng, CEO of JOYRUN says this round of fundraising will be used to advance technological innovation, product functions and group services for runners. JOYRUN claims more than nine thousand runner groups exist on JOYRUN.