Jutubao received hundreds of millions of yuan in B + round financing

Recently, the digital agricultural product service patform Jutubao.com announced the completion of 100 million yuan B+ round financing, led by Chongqing Industry Investment Fund, followed by Pu Chao Capital and other existing shareholders, Phoenixtree Capital continues to serve as the exclusive financial adviser.

Recently, the digital agricultural product service patform Jutubao.com announced the completion of 100 million yuan B+ round financing, led by Chongqing Industry Investment Fund, followed by Pu Chao Capital and other existing shareholders, Phoenixtree Capital continues to serve as the exclusive financial adviser.

It is reported that this is its fifth round of financing since the establishment of Jutubao.com. It has previously been invested by JD.com, Vertex Ventures, China-Israel Agriculture Equity Investment Fund, Zhonglu Capital, Warp Venture, Z&H Investment and other well-known institutions.

Huang Zuge, partner of Jutubao.com, said that this round of financing is mainly used to strengthen the digital transformation and expansion of its national service network, improve the efficiency of the farming household membership system, and strengthen the scale advantage and network effect of the platform.

It is understood that Jutubao.com was established in 2015.

Up to now, Jutubao.com platform has listed land area of more than 365 million mu, successfully transferred nearly 60 million mu, and set up nearly 8000 service centers in Chongqing, Sichuan, Beijing, Shandong, Henan, Anhui, Hebei, Hunan, Hubei and other places, forming a service network covering 248 counties and providing agricultural products and producing areas services to nearly 2 million farmers.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/16/jutubao-received-hundreds-of-millions-of-yuan-in-b-round-financing/.

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