Chinese car trading platform Cheyipai has completed a round of financing worth $110 million, led by Renren. Sequoia Capital, Matrix China, Morningside Ventures and CITIC Capital all participated in the round. Cheyipai, founded in 2006, claims to be able to help users sell a used car anywhere in the country within 15 minutes, and has seen more than 500,000 used car sales transactions on its platform. The company olans to strengthen its offline services by recruiting new inspectors. “The goal of Cheyipai is to make sure that there is no used car in China remains unsold and make it easier for anyone and everyone who wants to own a car to be able to achieve that dream,” said Yang Xuejian, CEO of Cheyipai.
Outfittery, a men’s clothing shopping service, has raised $20 million in new funding led by Northzone, TechCrunch reports. The Berlin-based startup previously raises funds around a year ago when it secured $14.5 million. Previous backers Highland Capital Partners, Holtzbrink Ventures and Mangrove Capital Partners also participated in this latest round.
Sols, a 3D printing and custom manufacturing company, has raised $11.1 million in Series B funding. Previous backers Founders Fund and Lux Capital joined new investors Tenaya Capital and Melo7 Tech Partners in the round. The company focuses on 3D printed footwear such as custom insoles for shoes. “This is a pivotal time for SOLS as we aim to bring our mass customized 3D printed footwear direct to the consumer. The vote of confidence we have from our current investors and the additions of Melo7 and Tenaya only continue to validate the need to transform the footwear industry and enhance the way we move,” said Kegan Schouwenburg, SOLS founder and CEO.
RockYou, an interactive media company, has raised $23 million in funding led by Columbia Capital. The company’s in-game video advertising platform delivers over 1 billion impressions per month, according to a company press release. “Over the past two years, we have built a media company that grows audiences at scale for an app-driven, multi-platform world. That effort is paying off, both for our content partners and players of these popular games,” said Lisa Marino, CEO of RockYou. “With Columbia Capital’s vote of confidence, we now have the flexibility to build our business even more aggressively.”