Mancando shows can do spirit to raise $28m

Sep 26, 2019 • Callum Cyrus

Legend Capital returned to lead a series A-plus round that increased automotive parts supplier Mancando's overall funding to almost $60m.

Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, led a RMB200m ($28m) series A-plus round for China-based business-to-business automotive parts supplier Mancando on Monday.

The round also featured venture capital firm Eastern Bell Capital as well as China Galaxy Capital, an asset management subsidiary of investment bank China Galaxy Securities, and Oriza FOFs, the fund-of-funds division of investment firm Oriza Holdings.

Founded in 2015 and officially registered as Guangdong Mancando Information Technology, Mancando supplies automotive…

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