Supply chain finance startup Linklogis has raised money in a series B round featuring Bertelsmann Asia Investments and existing investor Tencent.
China-based supply chain financing provider Linklogis has received RMB200m ($30m) in series B funding from investors including internet company Tencent and media group Bertelsmann, China Money Network reported today.
China Merchants Venture Capital Management, Citic Capital and Loyal Valley Innovation Capital also took part in the round. Bertelsmann invested through corporate venturing subsidiary Bertelsmann Asia Investments.
Linklogis supplies financing for micro and small enterprises in need of cash to support the supply chains necessary to get their products to the…
