Caisse de dépôt leads $150 mln funding of China's Mofang
Mofang Gongyu, a Shanghai, China-based institutional rental apartment operator, has raised US$150 million in a Series D financing. The round was led by Canadian pension fund manager Caisse de dépôt et placement du Québec. Founded in 2009, Mofang operates long-term rental housing for urban professionals in major Chinese cities, such as Beijing, Shanghai, Guangzhou and Shenzhen. It will use the funds raised to augment the company's market presence, extend operational capabilities, enhance its IT system and loyalty program, and pursue acquisitions. Mofang previously raised rounds backed by AVIC Trust and Warburg Pincus.
12 March 2019•3 mins read
