Jinyun Electrical has co-led a series A round for 5Lmeet, which hopes to operate co-working, co-living and other sharing spaces.
China-based sharing space operator 5Lmeet has raised RMB400m ($60m) in a series A round co-led by electricity company Jinyun Electrical and investment firm Junzi Capital, China Money Network reported today.
Banyan Capital and other undisclosed investors also participated in the round, which valued 5Lmeet at approximately $446m.
5Lmeet aims to operate sharing spaces across cities in China that allow users to work, live, study, eat and play together. The company was co-founded by Seqouia Capital China, Zhen Fund, China Equity…
