Lanniao nets tens of millions of yuan in financing round led by

Lanniao, a flexible employment and labor SaaS platform focusing on the service industry, has recently secured a new round of financing, raising tens of millions of yuan from Challengers Capital and Decent Capital.

Lanniao, a flexible employment and labor SaaS platform focusing on the service industry, has recently secured a new round of financing, raising tens of millions of yuan from Challengers Capital and Decent Capital.

Proceeds from this round of financing will be used to advance the layout of products, services and markets, in hopes of building a PaaS-centric technology architecture to adapt to multi-industry scenarios and provide diverse SaaS solutions for flexible employment and workforce.

In the meantime, the company plans to increase the expansion in the multi-industry market, mainly including food and beverage, retail, property and other services.

Lanniao had previously received an angel round of investment from Purplecity Capital in April 2019 and a Pre-A round from Cyanhill Capital in September 2019.

To date, Lanniao has provided online matchmaking, flexible matching, collaborative control and payroll tax settlement services to nearly 200 hotel groups and enterprises, 1,200 labor companies and more than 500,000 hourly workers.

It has covered nearly more than 20 key cities, while having nearly over 20 channels and partners across China.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/23/lanniao-nets-tens-of-millions-of-yuan-in-financing-round-led-by/.

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