LeEco Obtains $1,080,000,000 New Funding Round

  • Feed Type
  • Date
    9/21/2016
  • Company Name
    LeEco
  • Mailing Address
    3553 North 1st Street San Jose, CA 95134 USA
  • Company Description
    Formerly Known as LeTV. Letv.com is the world’s first public video company. The only fully domestically funded company among China’s major Internet companies. The true Internet company among listed companies in China’s A-share stock market China’s No.1 video company with the highest value in China’s GEM board.
  • Website
    http://www.leeco.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $1,080,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    LeEco reached out to TechCrunch to clarify that this funding will go into the development of its own sports car under the LeSEE brand, and not into its partnership with U.S.-based Faraday Future.
  • M&A Terms
  • Venture Investor
    Legend Holdings
  • Venture Investor
    Undisclosed

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