Chinese maternal and infant products e-commerce site PatPat has secured $48 million in Series C round led by Sequoia Capital China while Japanese mountaineering app Yamap has raised $11.2 million in Series B.
Sequoia leads e-commerce firm PatPat’s $48m Series C
Venture capital firm Sequoia Capital China has led the $48-million Series C funding round in PatPat, a Chinese maternal and infant products e-commerce platform, according to a China Money Network report.
The funding round for the startup established in 2014 also saw the participation of IDG Capital, Frees Fund, and SIG. The platform offers Chinese maternal and infant products to foreign customers.
According to reports, China’s baby products market has grown by more than 250 per cent, with sales of more than $75 billion.
Japan mountaineering app Yamap raises $11.2m in Series B
Japanese mountaineering platform Yamap said it has raised ¥1.2 billion ($11.2 million) in a Series B round backed by 14 companies and funds, including Advantage Partners-owned outdoor sports equipment retailer ICI Ishii Sports, according to a report by The Bridge.
The latest funding round follows a Series A round in March 2016 that raised ¥170 million ($1.5 million) and the seed round that saw ¥5 million ($47,000). The report said the proceeds will be used by Yamap to support the revitalization of regional tourism.
Established in 2013 by mountaineering enthusiast Yoshi Haruyana, Yamap has developed a map app that allows mountaineers to know their current location using the GPS radio waves of satellites. The startup claims its app has been download 820,000 times with nearly 100 million monthly page views.
On its Google Play page, Yamap said the app does not require a mobile signal to track and log a user’s outdoor activity. It also provides detailed outdoor maps and provides information about elevation, parking, and trailhead locations.