5miles Garners $30,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=20a64e51-0f40-424d-a246-ba858c917116
Date
1/27/2016
Company Name
5miles
Mailing Address
Undisclosed Dallas, TX 75240 USA
Company Description
Launched in 2014, we at 5miles are working to create the best experience for local buying and selling online. We developed the 5miles app because we were fed up with online marketplaces that are hard to browse, charge expensive listing fees, and are full of spammers and fakes.
Website
http://www.5milesapp.com
Transaction Type
Venture Equity
Transaction Amount
$30,000,000
Transaction Round
Undisclosed
Proceeds Purposes
We very much look forward to working with the company as they continue to expand.
M&A Terms
Venture Investor
IDG Capital Partners
Venture Investor
Morningside Group
Venture Investor
Susquehanna International Group