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Ucommune raises USD 200 Mn in D-round funding

Nov 14, 2018 by The Passage Team
Ucommune raises USD 200 Mn in D-round funding

Asia's fastest-growing and largest co-working space today announced USD200 million in D-round funding, three months after its previous funding round, making it the largest single round so far.

This round of funding is led by All-Stars Investment Limited, which focuses on China's internet industry and consumer sector, followed by CEC Capital, a leading investment bank and institutional investor in China, with PE investment and M&A consulting as its core business.

The funding will further accelerate ucommune's expanding global footprint, strengthen its research and development capabilities, improve its ecosystem, and advance its IoT smart office technology.

Source: Business Insider

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The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

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