Shanghai-based co-working space operator Distrii Technology Development announced today the completion of RMB 150 mln in Series A+ funding following up on nearly RMB 200 mln in Series A funding completed in September 2017. Distrii also plans to complete Series B funding in H2 2018. The Series A+ round was led by Fenghua Investment Management with participation from several institutions including foreign enterprise service company FESCO.
Distrii is striving to combine "office real estate + internet + enterprise services + community" into a one-stop internet office solutions platform providing online efficiency tools and offline shared office spaces.
Distrii also announced the formation of a RMB 3.0 bln "smart city upgrade fund" with major investors Fenghua and Singapore-based City Developments Limited (CDL). The fund will help Distrii form a smart office full industry chain.