Translink Capital leads $14m round for China’s Uhouzz

Existing investor New Oriental Education Group also re-upped in the round. The new funding will be used for technology development and hiring, Zhiqiang Liu, the company’s co-founder, told local media.

Founded in 2015, Uhouzz’s marketplace lists properties that Chinese students can rent or purchase when they study abroad. At present, its website features more than two millions beds for rent and 360,000 apartments for purchase in seven countries such as Australia, the UK, and the US. Beyond its core rental business, Ubouzz sells plane tickets and provides airport pick-up services for students.

The company previously raised RMB50 million ($7.6 million) in a Series A round from Tianjin Venture Capital and A-share listed Leo Group in July last year. Five months later, it received an extended Series A round from Chinese VC-backed online education platform Xiaozhan.

Based in Palo Alto, Translink typically invests in US-based companies that are looking to expand in Asia. The GP has offices in Beijing, Seoul, Taipei, and Tokyo.

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• Topics
• Greater China
• Technology
• Early-stage
• Real estate
• China
• Translink Capital
• TMT
• Venture
• Education