China-based C2C car trading platform Guazi.com has netted over $400m in its Series B financing round.
The round saw several existing shareholders take part including Sequoia Capital China, Matrix Partners China, BRV Aster Fund, and Hike Capital.
Several new relations also committed capital including H Capital, New Trend Equity Investment Fund Partnership, Beijing Jingxi Guigu Innovation Investment, and Dragoneer Investment Group, among others
Guazi, founded in 2015, is a C2C second-hand car trading marketplace, connecting individual car sellers and buyers.
Last year the firm picked up $250m in its Series A, making total capital received by the company around $650m.
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