Since 2016, Luxe.CO has regularly launched the Investment Weekly, which summarizes weekly fashion and lifestyle investment and financing news, including brands, e-commerce, personal care, food and beverage, sports and fitness, travel and leisure, interior design, cultural creativity, the latest technology and other relevant fields. This issue covers three investment and financing news in China from December 15 to December 21.
MatchU received $14.5M in Series B Funding
On 21st December, Chinese Men’s Suit Tailoring Service Platform MatchU received 14.5 million US dollars in Series B funding. The investment was led by Hillhouse Capital Group, and followed by Gaorong Capital and Shunwei. Founded in 2016, MatchU is committed to providing intelligent measurement clothing solution, cutting into the custom market with men’s shirts, and then gradually expanding to men’s suits, casual trousers, sweaters, jackets, coats and other categories. The customization process is to enter the height and weight information in the app and selects specific body features. The platform calculates the size through the AI technology and recommends related products. At present, the MatchU has accumulated body size data of 40 million people in Asia and Europe.
Hotel MoMc received new investment
On 19th December, the luxury Hotel & Restaurant service provider MoMc announced that it has gained a new round of investment of millions RMB, led by Beijing New Dragon Holding Co. Ltd., and followed by the first asset joint investment. This is the second round funding for MoMC in 2018, the previous one can be traced back in September, invested by Songhe Capital. This round of financing will be mainly used for business expansion. MoMc is committed to creating a luxury hotel with artistic features, and the hotel is designed in an Asian-American style. It currently has a flagship store in Beijing MOMA and recently has opened branches in Taiyuan, Shanxi and Dongdaihe, Liaoning.
Manku Home received 100 million RMB in series B funding
On December 19th, the interior design retail platform Manku Home announced that it had received a 100 billion RMB series B investment, led by China Growth Capital, followed by N5 Capital, Gemdale, and Zhiping Capital. The investment will be used primarily to develop the “Online + Community + Experience” strategy. Manku Home was established in 2016, the target users are the new middle class of 25 to 35 years in the 1.5 and 2nd tier cities. The platform selects products through strict criteria to provide customers with furniture, curtain, wallpaper, lighting, paintings and home accessories. In addition to the online goods is also provides custom design service.