China Merchants Venture Leads $14M Round In Online Home Decoration Start-Up Yuezw.Com

China Merchants Venture Capital Management Co., Ltd., the venture unit of China Merchants Group, has led a series A funding round worth nearly RMB100 million (US$14 million) in, an online home decoration and furnishing start-up in China.

Existing investors Angel Plus and individual angel investor Wang Gang, an ex-Alibaba executive and an angel investor in China's ride share giant Didi Chuxing, also participated in the round.

Founded in August 2015, is an online portal that connects home decoration and furniture suppliers with end users. Its Chinese brand name is Yuezhuangwang.

It currently operates in 20 cities in China via partnerships, and has serviced users with aggregate deal value of over RMB100 million. It plans to expand to 100 cities by 2018.

The company says it will use the proceeds on product re...

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