The Venture Codex

Participated · Series A · Aug 2018

Blackfish Technology operates a mobile, membership-based consumer service platform built around an "e-commerce + travel + service" model that turns users into members and fans and converges e-commerce functions for an improved user experience. The company targets Millennial and Generation Z consumers, who are the main users of global online shopping. Led by co-founder and president Conor Yang, Blackfish focuses on reserving high-quality products and membership rights for its community. It plans to expand its membership platform horizontally by integrating additional services required by members and by expanding digital content products. The company intends to use newly raised funds to accelerate promotion of its membership system and to optimize distribution of membership privileges. Blackfish completed a $50M Series A+ financing round to support these initiatives. Black Fish is a consumer finance platform based in China’s Nanjing region. The company provides consumer finance services. It completed a $145 million Series A financing. Named investors in the round include Lightspeed China Partners and Gobi Partners. The article describes the raise as coming from a cluster of firms, indicating additional undisclosed participants.