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Club Factory is a cross-border electronic commerce platform based in Hangzhou, China, that connects consumers directly with manufacturers to purchase affordable fashion, beauty, electronics, apparel, and home goods. The company operates a marketplace without commission fees for local sellers, relying on integrated supply chain management and international logistics to facilitate high volume direct sales. Operating with a workforce of 135 employees, the platform has generated $60.6 million in revenue and amassed over 70 million users, previously ranking as the third largest shopping application in India. The enterprise has secured $220 million in total funding across multiple rounds, including a $100 million Series D round in 2019 backed by prominent institutional investors such as Qiming Venture Partners, Bertelsmann, and IDG Capital. Club Factory was originally founded in 2014 by chief executive officer Vincent Lou.
Club Factory has raised $100.0M across 1 funding round.
Club Factory has raised $100.0M in total across 1 funding round.
Club Factory has raised $100.0M across 1 funding round. Most recently, it raised $100.0M Series D in October 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 11, 2019 | $100M Series D | Bertelsmann, IDG Capital, Qiming Venture Partners | — | Announced |
Club Factory has raised $100.0M in total across 1 funding round.
Club Factory's investors include Bertelsmann, IDG Capital, Qiming Venture Partners.
