Digital Magazine Operator VIVA Secured $20 Million of Series C Financing

VIVA, a digital magazine operator, announced $20 million of Series C financing from a French investment institution and Yu Minhong, founder of China’s largest private education service provider New Oriental (report in Chinese).

The company has received $10 million of Series A funding from Highland Capital Partners and Ventech Capital in 2009. It then secured tens of million dollars in Series B financing from 360 and two Series A investors in 2012.

The firm’s product portfolio includes digital magazine VIVA Changdu and custom reading service VivaMe, and VIVA Time.

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