On January 15, 2019, Fan Tuan completed Series A financing, led by CentreGold Capital and including Green Century Investment and PinYi Capital, for a total of US $5 million in order to expand their food delivery business across Canada and the into US.
Fan Tuan, founded in Vancouver, B.C. in 2014, is a one stop service platform providing food delivery, self-pickup, ratings and reviews, an online mart and advertising and marketing services. With more than 200,000 registered users and over 1800 business partners, Fan Tuan has become the largest Chinese delivery platform in Canada. In 2019, Fan Tuan will continue to expand in Canada and enter the US market, starting with Seattle.
Miller Thomson advised Fan Tuan with respect to this financing with a team led by Gal Smolar (Corporate/M&A), and including Sarah Langille, Samantha Santos and Carol Bai (Corporate/M&A).