Ant Financial has co-led a $500m series C round for Danke Apartment, which previously collected funding from investors including Bertelsmann and Ucommune.
Danke Apartment, a China-based operator of an online apartment rental platform, has closed a $500m series C round co-led by Ant Financial, the financial services affiliate of e-commerce group Alibaba, TechCrunch reported today.
Hedge fund Tiger Global Management co-led the round, which also included Primavera Capital, CMC Capital, Gaorong Capital and Joy Capital. The company is now valued at more than $2bn.
Founded in 2015, Danke manages approximately 320,000 apartments across nine cities – Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Tianjin,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
