IDG goes the distance for 5miles B+ round

Jan 27, 2016 • Robert Lavine

International Data Group was among the investors providing $30m for the hyperlocal mobile marketplace app developer, helping to raise its overall capital to more than $50m.

US-based mobile marketplace startup 5miles raised $30m in series B+ funding yesterday from investors including IT media and data firm International Data Group (IDG).

IDG invested alongside China-based venture capital firm Blue Lake Capital, investment firm Morningside Group, assorted undisclosed angel investors and SIG-China, a subsidiary of trading firm Susquehanna International Group.

Launched in Dallas, Texas in January 2015, 5miles’ hyperlocal marketplace app combines listings for second-hand trading together with services, housing and jobs. The company, which is co-based in…

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