Filed in archive Venture Capital by Greg Cruey on January 2, 2008

Redline China is among several sources reporting that 360Quan is getting an influx of cash from Koolanoo Group.

The 360Quan site is China's third largest social networking site and has experienced phenomenal growth this year. The Israel-based Koolanoo Group owns 360Quan. It also owns Koolanoo.com - the first social network for young Jewish professionals. The Koolanoo Group maintains offices in Tel AVIV and Beijing. 360Quan was started in 2003.

Koolanoo Group put $3 million into 360Quan earlier this year. The $5 million, announced on December 27, is a second round of funding.

According to Entertainment Asia, O.D. Kobo, chairman and CEO of Koolanoo Group, has announced plans to move the company's global headquarters to Beijing and expand its China team from 40 to 100.

360Quan Get $5 Million in New Funding

Related Entries:

Clearwire Gets $900 Million, Cancels IPO - 06 July 2006
Nanotechnology research funding up, venture capital down - 14 August 2006
Reasons to avoid venture funding-at least in the beginning - 07 September 2007
Venture Capital 101: VC Funding is Expensive - 06 October 2007
Smaato Acquires $3.5 Million of Funding - 21 January 2008

« Renminbi Rising: Will It ... | Main | Giza Venture Capital Star... »

Permalink: 360Quan Get $5 Million in New Funding

Tags: 360Quan venture capital china 360quan venture+capital million+funding china+threatens

Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/109146

Addthis

Ask

Blinklist

del.icio.us

Digg

Fark

Facebook

Google

Lycos

Ma.gnolia

Mr Wong

Netscape

Netvousz

Newsvine

StumbleUpon

Slashdot

Tailrank

Technorati

Wink

Yahoo

Vote for 360Quan Get $5 Million in New Funding:

Currently 8.25/10
1
2
3
4
5
6
7
8
9
10

Rating: 8.25 out of 4 vote(s) cast.

Response from: raymond (04/02/08 3:45am)

has been rumored that Koolanoo Group is listing late summer 2008 on the HKSE.

Add your response to 360Quan Get $5 Million in New Funding:

Name: *

Email: (will never be shown)*

URL:

(* marked fields are required)

Notify me if more comments appear?

Subscribe to China Venture News newsletter? (Newsletters are sent out weekly).

Remember me

Security Code: *
(Please help us to sort out spam.)

Please enter your comment here: (Sorry, no HTML is allowed - URLs will be made clickable automatically if you add http:// to your URL.)

We welcome your comments, however all comments are moderated. Offensive or off-topic comments will be deleted and not displayed.

Share It

Use the search to look for other interesting posts

Contributors (Last 90 days)

Donald Greg (3)
Greg Cruey (9)
Creative Weblogging (5)

This site has 537 entries and is powered by Creative Weblogging since July 2005.

ChinaVentureNews seeks news contributions

If you are an analyst, tech company, private equity firm, service provider or entrepreneur with news to share related to China venture capital send us your relevant news release.

CVN will post it to our site. We reserve the right to edit the copy because of space limitations, and to make summaries of the release when appropriate-- although a full copy of the release will always be linked to.

Thank you!

Please simply use our form here.