YPX Cayman Holdings, which runs the Chinese fast food chain Cloud 9, has raised $20m in financing from investors including Mitsui Global Investment.
YPX Cayman Holdings, the holding company which operates the China-based casual food and beverage (F&B) chain Cloud 9, secured $20m in series B funding from investors including Mitsui Global Investment, the corporate venturing unit for Japan-based conglomerate Mitsui, on Monday.
Also participating in the round were venture capital firm QiMing Venture Partners, investment firm Hotung Investment Holdings and several angel investors. QiMing was the sole investor in YPX’s series A round.
There are currently 10 Cloud 9 branches in…
