Snowball collects Renren for $40m series C

Sep 16, 2014 • Robert Lavine

Renren led the online financial data company's series C round, which increased its overall funding to more than $53m.

Online social network Renren has led a $40m series C round for China-based financial information service Snowball Finance, Sina Tech reported on Friday.

Sequoia Capital and Morningside Capital also participated in the round, having both invested in a $10m series B round raised by Snowball in June 2013. Sequoia also provided $3.2m of series A funding for the company in 2011.

Snowball oversees both a finance-focused social network called Xueqiu and an online financial news source known as iMeigu, which…

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