June 7, 2007

KPCB leads US$13 million Series B round in United Automobile Association

Filed under: Automotive — Administrator @ 12:39 pm

Earlier the week, venture capital fund KPCB led a consortium of existing shareholders in a US$13 million Series B round in Beijing based UAA – this comes three-months after Series A closed in February.

KPCB enhances an already impressive list of world class investors and industry leaders, such as Legend Capital, Cross Country Automotive Services, and, dear we say, Ymer Venture Capital.

We expect great things to come of this partnership – as should Chinese consumers!

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