Legend Capital has contributed to a $25m series A round for Mancando, which provides supply chain services for the automotive parts industry.
China-based automotive parts supplier Mancando has collected RMB170m ($25.2m) in a series A round featuring Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, AVCJ reported on Monday.
The round was led by venture capital firm Eastern Bell Venture Capital. Mancando does not appear to have disclosed any previous funding.
Founded in 2015, Mancando operates an integrated business-to-business services platform that concentrates on automotive parts.
The company offers supply chain management software, including web and mobile apps, and…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
