On March 25, 2020, Fantuan completed its Series A-2 financing, led by Chinese venture capital firm Vision Plus Capital and including other co-investors such as Celtic House Venture Partners, Silicon Valley-based Oyster Ventures, Li Jing, the co-founder of Dianping.com and Wu Yongqiang, former CTO of Qunar.com.
Fantuan, 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 1,800 business partners, Fantuan has become the largest Chinese delivery platform in Canada.
Miller Thomson advised Fantuan with respect to this financing with a team led by Gal Smolar, and including Carol Bai, Adam Bata (Corporate/M&A), and Tom Ghag (Articling Student).