Jingtian & Gongcheng Advises MissFresh on its USD 100 Million Series C Financing
Date:2017-02-22

In January 2017, Beijing Missfresh E-commerce Co., Ltd. (“Missfresh”) raises Series C financing of US$ 100 million. The new round of financing is led by Lenovo VC and ZS VC, co-invested by Tencent, KTB from Korea, Grand Flight Investment and China Growth Capital. It’s the third round of investment from Tencent and the valuation of Missfresh after the investment is 2.53 billion yuan.

 

Since its establishment in November 2014, Missfresh has already completed its full-category fresh food merchandising covering fruits, vegetables, seafood, poultry, egg and dairy, snacks, beverages, etc. It has set up light-speed delivery cold-chain logistics services in major cities by “city sorting center + community delivery center”, and supplying quality fresh food around the world to millions of Chinese customers by “2-hour Delivery”. According to report released by Analysys on the activeness of fresh food customers in November 2016, MAU of Missfresh is no.1 in the industry, equal to the sum of no. 2 and no. 3 combined.

 

Jingtian & Gongcheng is the long-term legal counsel of the company, as well as the legal counsel for the financing party. It assists the company to successfully raise multiple rounds of financing, and its quality legal services have won acclaims from the company.

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