[ Yimidida raises $44M in Series B ]

Yimidida has raised $44 million in Series B funding.

Founded in 2015, Yimidida is a Shanghai-based logistics services platform focused on small cities and counties in China. Yimidida specializes in last-mile delivery services for small and light parcels, less-than-truck-load services for mid-size parcels, and full-truck-load services for large parcels.

It plans to use the latest proceeds to set up two wholly-owned subsidiaries, Kakahui, a truck logistics unit, and Yimidida Finance, a unit providing financial services for suppliers and customers.

Funding  Series B
Founded  2015
Country  China
City  Shangai
Founder / CEO  /
Deal Size  $44M
Investors  CDH Investments
 K2VC
 Source Code Capital
 Global Logistic Properties
Previous Investors  Cathay Capital Private Equity
 Source Code Capital
 Global Logistic Properties