Rakuten Ventures has co-led a $50m series A-plus round for e-commerce company Black Fish that also featured a Fullshare Group subsidiary.
China-based e-commerce platform Black Fish raised $50m today in a series A-plus round co-led by Rakuten Ventures, the corporate venturing arm of e-commerce company Rakuten, according to China Money Network.
Rakuten co-led the round with Lightspeed Venture Partners, China Growth Capital and AlphaX Partners Fund, while Nanjing Fullshare Industrial Holding Group, an investment holding subsidiary of conglomerate Fullshare Group, also took part.
Lightspeed China Partners, Morningside Venture Capital, Gobi Partners and Jafco Asia filled out the round’s participants.
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