This post is updated to include Dianrong’s feedback on IPO planChinese online lending platform Dianrong today announced additional Series D round funding of $70 million led by ORIX Asia Capital Limited, a wholly-owned investment vehicle of ORIX Corporation, with the participation of CLSA, the overseas platform of China’s top investment bank CITIC Securities.
This latest investment in Dianrong follows a $220 million Series D round in August 2017 that was led by GIC Private Limited and included CMIG Leasing and Simone Investment Managers. The monster round comes after its $207 million Series C in 2015 that was led by Standard Chartered Private Equity and followed by China Fintech Fund. Investors from earlier funding rounds included Tiger Global Management, AMTD, Northern Lights Venture Capital, and Max Giant.
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