Beijing-based Kanjia Electronic Commerce, operator of online real estate information platform Comjia.com (Julive), recently won USD 8-digit Series B funding from Vertex Ventures, with participation from prior-round investor Source Code Capital. This round of funding will mainly be used for market expansion and big data applications.
Julive, available via its mobile app and website, mainly provides clients with standardized home buying consultation services that leverage big data and artificial intelligence technologies. The platform also makes it easy for developers to list their properties in order to better facilitate sales. The platform employs big data algorithms to recommend houses to users based on user search behavior and past user data. According to user needs, the platform will also match users with real estate consultants.
Julive currently covers Beijing, Shanghai, Tianjin, Guangzhou, Suzhou, Hangzhou, and Chengdu, and has listings for over 400 real estate projects.
In September 2016, Kanjia raised RMB 8-digit Series A funding from Source Code Capital and angel funding from China Renaissance K2 Ventures.
Editor's Note: For more information on this topic, please see "House Buying Information Platform Comjia Raises RMB 8-digit Series A," MD 9/19/16 issue.