Luckin Coffee has finished raising 200 million yuan and issued a statement: no funds have been raised from individual or institutional investors.
Professional coffee knowledge exchange more coffee bean information please follow the coffee workshop (Wechat official account cafe_style)
Luckin Coffee said in response to the pseudonym fundraising in the market today that the company's $200m B round of financing has ended and it has been confirmed that the investors involved in this round have not raised funds from any other individual or institutional investors to set up funds.
Recently, some institutions in the market have raised funds from individual and institutional investors to set up funds in the name of investing in Luckin Coffee. Luckin Coffee reminded the broad masses of investors that at present, any act of issuing investment products or raising funds in the market in the name of investing in Luckin Coffee is not the behavior of Luckin Coffee or Luckin Coffee investors.
The following is the full text of the statement:
Luckin Coffee's official statement
Recently, we found that there are individual institutions in the market to raise funds from individual and institutional investors to set up funds in the name of investing Luckin Coffee. In response, Luckin Coffee made the following statement:
1. Luckin Coffee's round B financing of 200 million US dollars has been completed. The investors are pleasure Capital, Daishi Capital, Singapore Government Investment (GIC) and China International Capital Corporation.
2. It has been confirmed that the investors participating in this round of financing have not raised funds from any other individual or institutional investors to set up funds.
Please note that at present, any act of issuing investment products or raising funds in the market in the name of investing in Luckin Coffee is not the behavior of Luckin Coffee or Luckin Coffee investors. Luckin Coffee will not be held responsible for any losses caused by this.
Luckin Coffee
December 17, 2018
END
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