Zhenlv Technology, a startup backed by Tongcheng incubator, announced that it had received multimillion yuan in its Angel+ round financing on May 3. The company is said to be valued at nearly RMB 100 million (USD 15.75 million).
According to local startup data platform Itjuzi.com, Zhenlv is a travel SaaS cloud service provider. The company was founded in September 2017.
The company plans to use proceeds of the round to optimize supply chain, improve operation and enhance technological services.
Zhenlv’s SaaS platform targets travel, transport and wellness as its core application scenarios, and provides customized cloud-based travel services to corporate clients, covering train tickets, flights, hotels, attractions, bus tickets, itineraries, visas, overseas recreations, travel insurance, car rental, physical examination and medical services.
Ctrip- and Tencent-backed Tongcheng incubator focuses on mobile internet, big data and artificial intelligence, and has invested in 25 startup projects.