Vancl, a shirt direct sale site, secures third-round tens of millions of US dollars from Qiming Venture Partners, IDGVC, Ceyuan Ventures, and SAIF Partners.
It is disclosed that this transaction has been completed in Mid-July of this year. It attracted a new firm Qiming Venture Partners. The remaining three firms also participated in the prior two rounds.
The latest data say Vancl with less than one-year history can sale 20,000 shirts per day, exceeding that of PPG and Bono. Sources say Vancl was established by Nian Chen, the founder of Amazon.cn. The site is expected to make full profits next year and consider going public.
Prior to this, the site secured two rounds of investment. The first round seed investment was several million dollars from IDGVC and Ceyuan Ventures. In the second round, Vancl attracted over US$10M from a new investor SAIF Partners.
