Molbase, a marketplace for chemicals suppliers, has obtained series C funding from a consortium featuring Fosun-backed firm Kinzon Capital.
China-based chemicals marketplace Molbase has raised tens of millions of dollars in a series C round including Kinzon Capital, the venture capital fund backed by conglomerate Fosun, China Money Network reported on Friday.
The round was co-led by Sequoia Capital China and TBP Capital, also known as TrustBridge Partners, with participation by Innovation Works and Vangoo Capital.
Molbase initially launched in 2013 as a chemicals source and database service before pivoting to become a marketplace that connects suppliers and buyers…
