Global logistics service platform YunQuNa receives USD 7.3 M for Series A+
Founder: Zhou Shihao
Founded in: 2015
Financing status: RMB 50 million (USD 7.3 million) Series A+ round in 2017
Global logistics service platform YunQuNa on Thursday received USD 7.3 million for its Series A+ financing round to expand its business to new cities in China.
YunQuNa is a global logistics service platform that bridges cargo owners with logistics service providers, providing cargo owners with logistics trading and delivery services on a global scale with safe and secure transportation service. Its logistic services include freight query, quotes, booking, cargo tracking, and payment. Customers can choose logistics service providers on its platform to carry out the delivery, or authorize YunQuNa to complete the whole process.
According to the data from YunQuNa, the Shanghai company has more than 50,000 registered users with 3,000 users partnering with YunQuNa. There are also 1,000 logistics service providers available on its platform.
Currently, its services are only available to users in China, and the company is planning to launch services for international importers that buy freight from suppliers in China. In addition, the international service will connect some buyers with ground, sea and air freight suppliers for smooth delivery and trading processes.
This Series A+ financing round was led by DCM Ventures, with Galaxy Group and Chunxiao Capital participating as investors. The capital will be used to launch its logistics services in new cities in China, and acquire new partners to provide global logistics services in new countries.
Agricultural supply chain service platform DFS168.com receives USD 29 M for Series B
Founder: Tan Zexin
Founded in: 2014
Financing status: RMB 200 million (USD 29 million) Series B round in 2017
Agricultural supply chain service platform DFS168.com on Thursday received USD 29 million for its Series B financing round to improve efficiency of its supply chain.
DFS168.com is an agriculture supply chain service platform that provides farmers with online trading services, as well as to help them grow their crops better. It is an e-commerce platform that helps farmers upload information of their crops to boost sales. Then, with the help of financing funds, it established storage and logistics services to help farmers find buyers online to facilitate online trading.
Currently, it also provides financial support to farmers to help them expand their farming business, as well as to provide farmers with pest damage prevention services based on drones. It aims to achieve a leading agriculture supply chain services through these methods.
The Shenzhen company has its services available in some key agricultural provinces such as Jiangxi, Anhui, and Guangdong. Its services have covered over 40,000 farmers with land of more than 100 million acres. It has also reached a cumulative turnover of over RMB 400 million.
This Series B financing round was led by Orchid Asia and China Growth Capital, with Matrix Partners China also participating as an investor. The capital will be used to improve the efficiency of its supply chain, as well as recruit more talents to expand its business offline.
（Top photo from 58pic.com）