LGBT service platform Rainbow Rabbit raises $5M
COLDSKY.CN – China’s LGBT community service platform Rainbow Rabbit (彩虹兔, http://www.caihongto.com) raised $5 million in Series A round of financing from Shunan Capital( 顺安资本) and Huidong Stock Investment ( 汇东证券)
The fund will be used for technology upgrades, expanding functions, and global market development, according to https://www.lieyunwang.com/archives/468613.
The Hangzhou-based start-up established in October 2015 is said to have been endorsed by 17,000 merchants, such as event venues and travel service providers.
Blued(蓝城兄弟), China’s biggest LGBTQ dating app, went public earlier this year, attracting more investment into the market for people of differing sexual orientation.