What is Lvmama?
Lvmama Tourism operates as a comprehensive e-tourism platform in China, with a core focus on DIY tour advisory and booking. The company has evolved from its initial DIY tour service to encompass a wide array of offerings, including discount tickets, resort hotel bookings, and integrated services for group tours and outbound travel. Its extensive network includes over 6000 scenic spots, 6000 resort hotels, and partnerships with numerous domestic and international tourism bureaus and airline companies, positioning it as a key facilitator in the Chinese travel market.
How much funding has Lvmama raised?
Lvmama has raised a total of $713.2M across 7 funding rounds:
Series A
$8M
Series B
$11.2M
Series C
$15M
Series D
$49M
Private Equity
$80M
Private Equity
$150M
Private Equity
$400M
Series A (2009): $8M with participation from HuaQiao Capital and Dojane Capital, Investment Banking Arm
Series B (2010): $11.2M, investors not publicly disclosed
Series C (2011): $15M supported by South River Capital and Sequoia Capital
Series D (2014): $49M featuring Tencent, Ctrip.com, Alibaba Group, Baidu, Inc., and Wanda Group
Private Equity (2015): $80M backed by Jinjiang International Group Company Limited
Private Equity (2016): $150M, investors not publicly disclosed
Private Equity (2017): $400M led by Fullshare Holdings Co
Key Investors in Lvmama
Fullshare Holdings Co
Fullshare Holdings Limited is a diversified conglomerate with interests spanning tourism, education, healthcare, renewable energy, and property development, aiming to deliver innovative solutions across its sectors.
Jinjiang International Group Company Limited
Jin Jiang International Hotel Management Company Ltd., part of Jin Jiang Hotels, manages full-service hotels, blending local culture with professional hospitality and value-for-money services.
Tencent
Tencent Holdings Limited is a global provider of internet and mobile services, including online games, applications, instant messaging, and online literature, headquartered in Shenzhen, China.
What's next for Lvmama?
The substantial enterprise-level funding and recent strategic investment indicate Lvmama's robust trajectory and its capacity for further expansion and innovation within the competitive e-tourism sector. This capital infusion is likely to support enhancements in its platform technology, expansion of service offerings, and potentially new market penetration strategies. As a mature entity in the industry, Lvmama is well-positioned to leverage these resources for sustained growth and to solidify its leadership in providing integrated travel solutions.
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