Ecommerce Company Targeting China Raises $20 Million in Funding
BorderX Lab, Inc., a technology enabled, cross-border ecommerce company closed $20 million in a Series B financing round led by Kleiner Perkins. Additional investors include Hillhouse Capital Group, CBC (China Broadband Capital), Welight Capital, and iFly Venture Capital.
Founded in 2014 by three former Google computer scientists, the company’s cross-border Beyond App mobile app and platform are designed to connect American and European fashion, beauty, healthcare, and lifestyle brands with China’s rapidly emerging middle class.
BorderX Lab plans to use the financing to further drive international expansion, create new platform features, and continue to build its teams in Sunnyvale and Shanghai.