PE Daily, 8/18/17
Shanghai-based Craft Beer Infotech, operator of online beer information and review platform Jiuhuaer (literally "Hops"), has announced the completion of RMB 8-digit Series A funding led by Sinovation Ventures, and with participation from Jinku Venture Capital Management, Tianshiwan Venture Capital, and Xiangcai Securities.
Jiuhuaer is a beer rating app that began as a social network and rating platform oriented around craft beer. The app provides information of craft beer, including data and user ratings, and strives to promote and develop craft beer culture.
Craft Beer Infotech was founded in October 2015, and previously won RMB 3 mln in angel funding in January 2016, and RMB 15 mln pre-Series A funding from Tianshiwan Venture Capital (Tisiwi) in October 2016.