The bike sharing company has taken its 2017 funding to $300m, adding cash from Temasek and Hillhouse Capital to the $215m it raised from investors including Tencent last month.
China-based bicycle leasing network Mobike increased its funding in 2017 to $300m yesterday when it secured an undisclosed amount from Singaporean state-owned investment firm Temasek and hedge fund manager Hillhouse Capital.
Although the precise amount invested by Temasek and Hillhouse was not disclosed by Mobike, it raised $215m in a series D round co-led by internet group Tencent last month and additional funding from manufacturing services provider Foxconn, indicating the size of the deal was less than $85m.
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