Blued flirts with investors for series C

Jun 2, 2016 • Thierry Heles

China Mobile Games and Entertainment Group has contributed funds to a series C round of undisclosed size in the social networking app developer.

China-based social networking app producer Blued has secured an undisclosed amount of series C funding from investors including mobile games developer China Mobile Games and Entertainment Group, China Money Network reported today.

The round consisted of an initial series C and a series C+ tranche. Ventech and Vision Knight Capital co-led both chunks, while commercial real estate firm New World Development also participated.

Blued reportedly raised several hundred million Chinese yuan (RMB100m = $15m) at a valuation of $300m.

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