Duocaitou.com, a crowd funding platform for boutique hotels and home rental, has completed its Pre-A round financing that raised an eight-digit sum from three venture capital firms– Share Capital, Innovation Angel Funds and Shunwei Capital Partners.
Beijing-based Duocaitou describes itself on its website as an Internet-based financing service provider aimed at creating novel living space by identifying quality hotels, home rentals and apartments locally and globally and offering them for crowd funding options tailored to different lifestyles and asset portfolios.
As of today, Duocaitou’s online crowd funding projects have raised over RMB 100 million and the total funding of all the programs is nearly RMB 1 billion, said Gengqian Zhao, CEO of Duocaitou. He said the latest funding will be used to build a comprehensive network of travel accommodation and provide investors with greater products.（Translated by Claire）
