Matrix Partners China leads $8m financing in parenting startup Niangao-mama

Niangao-mama, an online parenting startup bagged a RMB$60 million (US$8 million) investment,  and the round was led by its existing investor,  the Chinese arm of US venture capital firm, Matrix Partners China, and it also included Ziniu Fund, a RMB angel investment firm.

The news was first reported by China Money Network, which also said that Matrix Partners China was an existing investor in the company,  and had provided Niangao-mama with seed funding as well as Series A investment.

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