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Online Classifieds Site Lands 2nd Round Funding

Tech.QQ, 5/12/08

Free Chinese online classifieds site, along with the international ad group OLX, has, according to recent reports, received another USD 13.5 mln in venture capital during Q1. The source revealed that the capital came from the same financers as the first round - General Catalyst, Bessemer Venture Partners, Founders Fund, and DN Capital. Reportedly, Edeng received a first-round investment of USD 10 mln in 2006.

Keywords: Edeng OLX VC Bessemer Founders Fund DN Capital second-round funding General Catalyst Internet online classifieds


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