Tech Company Financing Transactions
ofo Funding Round
On 7/7/2017, ofo secured $700 million in Series E financing from Alibaba Group, CITIC Group Corp. and Didi Kuaidi.
Transaction Overview
Company Name
Announced On
7/7/2017
Transaction Type
Venture Equity
Amount
$700,000,000
Round
Series E
Investors
Alibaba Group (Lead Investor) (Joe Tsai)
Proceeds Purpose
Ofo plans to deploy 20 million bikes and expand its service to 200 cities in 20 countries by the end of 2017, the company said.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Beijing Liyuan St. on the 1st Legislative Court Building
Haidian Beijing, 2-1027
China
Haidian Beijing, 2-1027
China
Phone
Website
Email Address
Overview
Founded in 2014, ofo developed the world's first "non-docking" bike-sharing platform operated via an online mobile app.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Xue Dong
Co-Founder
Zhang Siding
Co-Founder
Dai Wei
Browse more venture capital transactions:
Prev: 7/7/2017: Insticator venture capital transaction
Next: 7/7/2017: Miso Robotics venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. All VC database entries reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs