Fung Capital USA, a venture capital fund affiliated with Li & Fung Ltd, has led a $10m series A round for a US-based start-up that is racking up tens of millions of dollars in added sales for its clients, which include large brands and e-commerce companies.
Olapic, a US-based start-up which helps publishers and brands collect photos from followers and fans, has closed a $5m series A round led by Fung Capital USA, a venture capital fund affiliated with Hong Kong-based Li & Fung Ltd., the world’s largest sourcing company that manufactures, distributes and retails consumer products globally with over $20bn in revenue. Other investors in this round included Longworth Venture Partners, with participation from existing investors including Great Oaks and Scout Ventures.
The…
