6 April, 2016, China: Joyowo.com has successfully completed its series B round of funding and managed to raise US $15 million from Sequoia Capital China. Joyowo.com is a Hangzhou-based online human resources service firm, according to a company announcement (in Chinese).
Round also saw the participation from other investors such as Tsing Ventures, Meridian Capital China and others. Earlier also Sequoia Capital China and Meridian Capital China had shown interest in the startup and invested an undisclosed amount in the firm. Founded in 2014, Joyowo.com provides online human resource outsourcing services to small and medium enterprises.
With the team of 1000 employees, the company renders its services to around 400 cities across China, claims company.