# Mofang Apartments

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mofang-apartments

- Industry: Commercial Property
- Headquarters: Shanghai, China
- Website: www.52mf.com
- Total disclosed funding: $500M
- Latest round: Series C (Apr 12, 2016)
- Investors on record: 3

## About

Founded in 2009 and based in Shanghai, China, Mofang Apartments is a company  that provides apartment rental services. In 2016, the company launched the No. 9 apartment brand. In 2017, it became a long-term rental apartment platform that issued and listed asset-backed securities (ABS) on the Shanghai Stock Exchange. In March 2019, Mofang Gongyu raised USD 150 million in series D funding from new investor CDPQ.

The company owns such brands as Mofang Apartment, Union Brand Apartment, Moer Apartment and V Guest Youth Apartment. It offers apartment rentals to businesses and young adults. The company's business covers Beijing, Shanghai, Guangzhou, Shenzhen, Nanjing, Wuhan and other cities.

## Funding rounds

- Series C, Apr 12, 2016, $300M — Warburg Pincus, Avic Trust
- Series B, May 21, 2015, $140M — Warburg Pincus
- Series A, Dec 1, 2012, $60M — Warburg Pincus, Detong Capital

## Investors

- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series A, Series B, Series C
- Detong Capital (https://capitalatlas.ai/funds/detong-capital) — Series A
- Avic Trust (https://capitalatlas.ai/funds/avic-trust) — Series C