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Bike-share startup ofo grabs $450 million in D round backed by DST, Didi

03/03/2017| 6:25:32 PM| ChinaTravelNews 中文

Bike rental company ofo announced that it has raised USD 450 million in the recently closed series D round funding, backed by DST, Didi, CITIC and others.

Chinese bike-sharing firm ofo announce on March 1 that it has raised USD 450 million (RMB 3.1 billion) in its series D round funding. 

Digital Sky Technology (DST) was the lead investor and other investors include Didi Chuxing, CITIC Private Equity Funds, Matrix Partners China, Coatue, Atomico and Macrolink Group. 

The lead investor DST had invested in global internet big names such as Facebook, Airbnb and Alibaba. It had also invested in Chinese internet giants including e-commerce site JD.com, smartphone maker Xiaomi, car-hailing company Didi, news aggregator TouTiao.com and group-deal site Meituan-Dianping.  

Based on public data, ChinaTravelNews has compiled the funding timelines of ofo and its major rival mobike, as follows: 

TAGS: ofo | bike-sharing | Didi Chuxing | Mobike
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