Chinese Classified Ads Portal 58.com Raises $15 Million

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58.com

Seed: $15,000,000

Founded: 2005
Industry: IT

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Beijing – 58.com, a classified ads portal in China, has raised $15 million in venture capital funding. New investor DCM, and previous backer Softbank Asia Infrastructure Fund participated in the round.
Beijing-based 58.com has branches in 321 cities, and reportedly became profitable in 2009.

 
Funding

Funding Total: $15,000,000

Round Date Amount Pre Amount Post Amount
Seed 04/2010 $15,000,000
Investors: DCM, Softbank Asia Infrastructure Fund Partners

See all fundings here

 
Founders

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