Temat: La Miu Completes USD 40 Mln in Second-Round Funding

La Miu Completes USD 40 Mln in Second-Round Funding

Wabei, 5/20/11

http://www.marbridgeconsulting.com/marbridgedaily/2011...

Chinese lingerie e-commerce site La Miu recently announced that it has finished securing USD 40 mln in second-round funding. La Miu CEO Tong Lu said that this round of funding will be used primarily to broaden product categories, improve customer experience and backend technology, and to perfect the company's logistics system.

In the three years in which La Miu has operated in China, the company has accrued more than 1 mln customers. According to Tong, "Among the investors this round were several returned first-round investors, as well as several new American VCs with an interest in La Miu's growth." La Miu angel investor and Rakuten founder, Hiroshi Mikitani, also took part in this round of funding.

http://www.marbridgeconsulting.com/marbridgedaily/2011...

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