Mogoroom’s funding quest leads to Giant

Jan 4, 2018 • Robert Lavine

Giant Network Group and its Giant Investment unit have put up $19m of the $29.3m raised by housing rental platform Mogoroom.

Bennet Holding, the creator of China-based accommodation rental platform Mogoroom, has secured $29.3m in series C+ funding from investors including online game developer Giant Network Group, Marbridge Consulting has reported.

Giant Network Group and its Giant Investment subsidiary each provided $9.5m of the round to take a 4.1% stake in the company.

The round included Shanghai Yunfeng Xinchuang Equity Investment Partners, a venture capital fund 60% owned by e-commerce group Alibaba, as well as Crystal Precision, API (Hong Kong) Investment…

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