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Vertex leads $30m Series B in China’s Metao

November 20, 2014

<via Deal Street Asia>

Chinese e-commerce firm Metao.com has raised $30 million in Series B financing from a group of investors led by Singapore’s Vertex Ventures, local media reported.

The other investors include Morningside Ventures, Greenwoods Investment, in addition to existing Matrix Partners, the Chinese media reports added.

This comes within six months of Metao raising $5 million from Matrix Partners during its launch as part of Series A financing.