Chinese venture capital firm Marathon Venture Partners has led a RMB100 million (US$14 million) series B round in Baozhunniu, a customized insurance products provider. Matrix Partners China, Xinyi Capital, Zhongguancun Dahe Capital, and Denise Peng, a venture partner at GGV Capital also participated in the round, according to a company announcement. Founded in 2015 and headquartered in Beijing, Baozhunniu provides clients with custom-made insurance products. It claims to have served more than 3,500 enterprise customers in dozens of industries. Customers …
The post Matrix Joins $14M Round In Chinese Customized Insurance Provider Baozhunniu appeared first on China Money Network.