Zoom Space closes Series B2 financing round, raises tens of millions of US dollars

Zoom Space, the home improvement building materials supply chain platform has completed its Series B2 financing round in April, raising tens of millions of US dollars from China Creation Ventures.

Zoom Space, the home improvement building materials supply chain platform has completed its Series B2 financing round in April, raising tens of millions of US dollars from China Creation Ventures.

This is another round of financing completed by Zoom Spaceamid the Covid-19 pandemicfollowing the completion of the RMB50m Series B1 round by Vision Capital and Wanrong Capital in February 2020. Existing investors also include Oriental Fortune Capital, Galaxy Capital, Qingsong Fund, Phoenix Tree Capital Partners, Wanrong Capital. According to statistics, since its establishment three years ago, the company has completed a total of 6 rounds of financing.

Established in May of 2017, Zoom Space is an operator of a B2B e-commerce platform for customized home and office furniture and appliances. The company provides one-stop supply chain for home improvement enterprises, covering home furnishing front-end design to back-end whole house materials.

Dai Hongliang, founder of Zoom Space, said: “This round of financing will provide new momentum for the development of Zoom Space. We intend to transform hundreds of thousands of home improvement companies by using the SaaS system coupled with supply chain. What we will do in the future is to create a nationally integrated building materials trading platform and finally realize the digitization of the entire industrial chain remodel.”

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/24/zoom-space-closes-series-b2-financing-round-raises-tens-of-millions-of-us-dollars/.

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