Legend Capital goes Gaga in $26m series A

Aug 23, 2018 • Thierry Heles

Legend Capital has led a series A round for teahouse chain Gaga Cafe, which also attracted an unnamed industrial investor.

China-based teahouse chain Gaga Cafe secured RMB180m ($26.2m) today in a series A round led by Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, according to China Money Network.

Founded in 2010, Gaga Cafe operates a chain of teahouses across China that sell freshly made fruit teas, juices and coffee, as well as snacks and seasonally inspired dishes such as salads and pasta.

The company currently owns 23 outlets and will use the proceeds from the round,…

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