CMC and Softbank Invest USD400m Series C for Chinese Home Furnishing Platform Chubby Bear

Source(s): AVCJ

Chubby Bear, a China-based B2B trading platform for home furnishing materials has raised USD400m from CMC Capital Group and SoftBank. CMC Capital Group led the company’s Series C while SoftBank Vision Fund 2 led the Series C+. Other investors include Matrix Partners China, Genesis Capital, Tencent Holdings, Hundreds Capital, Immensus Capital, Yunqi Partners, Ab Initio Capital and Cygnus Equity. Read more