Fabrics trading platform developer Baibu has closed a series C-plus round led by GLP subsidiary Hidden Capital and has now raised $540m inside three years.

Logistics infrastructure operator GLP led a $110m series D-plus round for China-based online textile marketplace Baibu yesterday through corporate venturing vehicle Hidden Capital, DealStreetAsia reported, citing a company statement.

Baibu runs an online marketplace that allows businesses such as textile producers, factory owners, traders and retailers to trade fabrics and material, in addition to providing inventory management and enterprise resource planning software for customers buying textiles.

Venture capital fund Yunqi Partners led a $24.8m series B round for Baibu in…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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