Quanchengrelian(QCRL), a sports and fitness app, has completed a series B funding of RMB 100 million (USD 15.6 million), according to Matrix Partners Beijing Investment and Management Co Ltd.
This round of funding was led by Legend Capital. Matrix Partners was also in, having been at the helm for QCRL’s series A funding.
Funds are slated to be used for recruitment, expansion to more cities and new product development.
The QCRL app gathers offline fitness center data using the internet and is the fitness app with the most paying users and cooperating gyms, Matrix Partners Beijing said.
Beijing-based Heguang Tongchen Technology Co Ltd, founded in August 2014, is the company behind the QCRL app, having released QCRL to the public back in March of this year. Si Wei, founder and CEO of the company graduated from Cornell University in the United States.
