Venture Capital
Shunwei Capital, a venture firm backed by Xiaomi’s CEO Lei Jun, has led a US$100 million series D round of financing for Kujiale, a Chinese home design platform utilizing virtual reality (VR) technology. Pavilion Capital, an investment unit under Temasek Holdings, also participated in the funding round. Existing investors IDG Capital, GGV Capital, Yunqi Partners, Hearst Ventures and Linear Venture also took part, according to a statement. The round values the Hangzhou-based Kujiale, launched in 2011, at US$600 million post-money. … Shunwei Capital Leads $100M Series D In Chinese VR Interior Design Portal Kujiale appeared first on China Money Network.