Chinese apartment rental services firm Ziroom has raised more than Rmb4 billion ($621 million) in a Series A funding round led by Warburg Pincus, Tencent, and Sequoia Capital China, according to a statement released by Warburg Pincus
Seven other investors – China Renaissance Principal Investment, Sunac Capital, GA Capital, H Capital, Source Code Capital, Haixia Asset, and New Hope – also participated in the round, which Ziroom claims is the biggest financing round ever raised by a long-term rental firm in the country.
