Zhaogang fortifies $100m series D

Jan 21, 2015 • Thierry Heles

China-based steel trading website Zhaogang has closed a $100m series D round co-led by IDG Capital, a corporate venturing affiliate of US-based media company International Data Group, China Money Network reported today.

Huasheng Capital co-led the round with IDG, while Bull Capital Partners, Sequoia Capital and Matrix Partners China also participated.

Zhaogang previously received $34.8m in a January 2014 series C round led by Bull Capital and Sequoia, and which included Matrix Partners China and K2 Ventures.

In 2013, the…

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