SoftBank Vision Fund 2 led a series C-plus round for the home remodelling materials marketplace, after Tencent Investment participated in its series C round in December.

China-based construction materials marketplace Chubby Bear has closed $400m in series C and series C-plus funding from investors including internet and telecommunications conglomerate SoftBank and internet and media group Tencent.

SoftBank’s Vision Fund 2 led the second of the two transactions, a series C-plus round that included Ab Initio Capital, CMC Capital Group, Cygnus Equity, Genesis Capital, Hundreds Capital, Matrix Partners China, Yunqi Partners and private investor Gan Jiawei.

Tencent Investment, a subsidiary of Tencent, took part in a December…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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