The Legend Capital-backed auto parts e-commerce marketplace boosted its total funding to $110m in a $56.6m round led by Huaxing Growth Capital Fund.
Mancando, a China-based automotive parts trading service backed by Legend Capital, the venture firm formed by conglomerate Legend Holdings, completed a series B round sized at almost RMB400m ($56.6m) yesterday, DealStreetAsia reported.
Investment bank China Renaissance’s Huaxing Growth Capital Fund led the round, which included VC firm Xiang He Capital, fund manager Axiom Asia and Oriza Fund of Funds, a subsidiary of investment holding group Oriza Holdings, according to a company statement.
Founded in 2015 and also known as Guangdong…
