|
||
|
Venture capital firms and funds in Europe 128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Venture Capital Terms and Topics
-
Tano Capital Invests US$ 2.2 Million in TongXue.com, a Rapidly-Growing Chinese Web-Based Social Networking Company
March 6th, 2009 No comments
SAN MATEO, Calif. Tano Capital, LLC, on behalf of Tano China Private Equity Fund I, is pleased to announce its investment of US$ 2.2 million in TongXue.com (“TongXue”), a top Chinese social networking website. Tano China Private Equity Fund I participated with a consortium of venture capital investors in investing US$ 6 million through the purchase of equity interests.
TongXue, whose name means “classmates,” was founded by a Harvard Ph.D. student in 2006 as a community website for Chinese students studying in the U.S. It opened its Beijing office in 2007. It has developed to be one of the top real name social networking websites in China. It currently has more than 10 million registered members.
A TongXue spokesman said that the funds raised will be used primarily for product innovation and brand promotion. The company plans to launch a new core product “Classmate” within the year.
Charles E. Johnson, Managing Director of Tano Capital, said, “The investment by the Tano China Private Equity Fund I is designed to provide expansion capital for TongXue, which is well positioned in the rapidly growing internet oriented social networking space in mainland China.”
Tano Capital, LCC is an alternative asset management firm founded by Charles “Chuck” Johnson (formerly co-President of FranklinTempleton Investments and CEO of Templeton Worldwide), that makes private equity investments into rapidly growing private companies in India and China. Tano Capital currently has offices in Shanghai, Tianjin, Taipei, Mumbai, Mauritius and San Mateo. For more information, please visit our website at www.tanocapital.com.
Source: Tano Capital, LLC
Leave a reply
Latest Headlines:
Friday August 31, 2012
Zscaler Secures $38 Million Investment Round
Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.
Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects
Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding
Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies
Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains
Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster
Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility