Venture capital firm Sequoia Capital China has co-anchored the 250 million yuan ($36.4 million) Series A funding round in LCSC, an online marketplace for electronic components in China, according to an announcement.
The latest funding round, which comes less than a year after the company raised 105 million yuan ($15.2 million) from Shenzhen Galaxy Supply Chain, also saw the backing of Eastern Bell Capital, a VC firm specialising in growth capital investments in logistics, e-commerce, supply chain, and consumer sectors, among others.
