Legend Capital helped the freight management platform developer secure $200m shortly after it filed for an initial public offering.

China-based freight management software provider For-U has raised $200m in series E funding from investors including Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, DealStreetAsia reported today.

Insurer China Life’s Investment Management subsidiary, China Structural Reform Fund, Greater Bay Area Homeland Investments, China Merchants Sino-BLR Capital Management, China Merchants Capital, Parantoux Capital and Matrix Partners China also took part in the round.

Founded in 2013, For-U operates a cloud software platform which uses artificial intelligence technology to…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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