JuLive.com secures series C funding

58.com-backed primary property marketplace JuLive.com has completed series C funding worth several tens of millions of dollars, according to reporting on Yicai.com (in Chinese). The round was led by Chongying Capital.

JuLive founder and CEO Wang Peng commented that the funding would be directed toward expanding into new markets, with the platform planning to expand into a further 30 new markets (it currently covers 15 cities in China).

Beijing-based JuLive (formerly known as Comjia.com) received angel investment from China Renaissance K2 Ventures and series A funding from Source Code Capital in late 2016. In 2017 the company secured series B funding from Vertex Ventures and Eight Roads Ventures.

Also in 2017, JuLive completed a series B+ funding round worth several tens of millions of dollars, which was led by classifieds giant 58.com (NYSE: WUBA).

Founded in 2015, JuLive employs big data algorithms to recommend houses to users based on user search behavior and past user data. According to user needs, the platform will also match users with real estate consultants.