The fitness class provider roughly doubled its valuation to $2bn in a round led by SoftBank Vision Fund that included Bertelsmann Asia Investments and Tencent.
China-based online fitness class operator Keep recently completed a $360m series F round led by telecommunications and internet conglomerate SoftBank’s Vision Fund, TechCrunch reported today, citing a company statement.
Bertelsmann Asia Investments (BAI), a vehicle for media group Bertelsmann, also took part in the round, as did internet group Tencent, Hillhouse Capital, Coatue Management, GGV Capital, 5Y Capital and Jeneration Capital.
The cash was secured at a post-money valuation of about $2bn, people with knowledge of the matter told TechCrunch.…
