Enterprise social networking app Maimai secures USD 75M to enrich services, & more

Enterprise social networking app Maimai receives USD 75M for Series C、

Maimai

Founder: Lin Fan

Founded in: 2013

Financing status: RMB 497 million (USD 75 million) for Series C financing in 2017

Enterprise social networking app, Maimai, received USD 75 million for Series C on November 15 to enrich its services and products.

Maimai is an enterprise social networking app that aims to help professionals build online personal business brands to broaden their working relationships and gain more opportunities for career development. At present, Maimai has already completed the basic construction of its service ecosystem. For users, Maimai’s services including professional image building, occupation and networking, industry dynamics, job recruitment, exclusive membership services, and so on. For enterprises, Maimai offers marketing, recruitment, and employer brand building services.

Founded in 2013 in Beijing, Maimai has gained tens of millions of users since it started four years ago, primarily from financial, IT, Internet, media, medical, education training industries, among others. Additionally, 49% of its users are from Beijing, Shanghai, and Guangzhou, including Microsoft, IBM, BAT Wanda, Vanke and other leading enterprises.

This new financing round was led by DCM, with IDG Capital and Morningside Group participating as investors. Zhaopin.com, a Chinese leading recruitment site with over 140 million users, aalso joined strategic investment. After this financing round, Zhaopin.com will work with Maimai to enrich its services and products, as well as build a human resources service ecosystem.

Photo from Baidu Images.

Digital & mobility service provider FutureMove receives USD 8M for Series A+

FutureMove

Founder: Wang Qiang

Founded in: 2015

Financing status: RMB 50 million (USD 8 million) for Series A+ financing round in 2017

Digital and mobility service provider, FutureMove, received USD 8 million for Series A+ on November 14 to provide users with a better mobile travel service experience.

FutureMove is a digital and mobility service provider that provides service operation and information solutions in connected vehicle industries based on telematics, car sharing services, big data analysis, mobile application, and so on. Its solutions include a connected vehicle platform, cyber security, big data from vehicles, aggregated third party content, and services through a service integration platform, operation, and e-commerce marketing.

Founded in 2015 in Beijing, the company has over 150 employees, mostly from IT companies, consulting firms, telecommunication carriers, OEM, and Internet elite. At present, the company has formed partnerships with over 20 companies from the car manufacturing industry, travel sharing enterprises, and others to provide them with digital and mobile travel service solutions.

This Series A+ financing round was led by Haier, the world’s leading provider of good life solutions, with Photon Fund participating as an investor. The capital will be used to invest in the R&D of hardware and software products and services operating platform for digital travel services and related new technologies. It will also provide users with improved vehicle intelligent digital facilitation to build a more perfect mobile travel service experience.

(Top photo from Maimai.com)

Kaikai Shi

Kaikai Shi writes for us. He holds a bachelor's degree in Biotechnology at Zhejiang University. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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