Cathay Capital leads $15m round for China’s Magmode
Magmode, a China-based men’s fashion start-up, has raised $15 million in the second tranche of a Series B round led by Cathay Capital Private Equity. Existing investor Sinovation Ventures also participated.
The extension follows a RMB50 million ($7.5 million) initial Series B round led by IDG Capital in May. Last year, Magmode secured approximately $10 million in a Series A round led by Ventech China, with...
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