PE HUB reported today that Chinese Internet and new media investment firm Koolanoo Group has raised $25 million as part of a new, third round of venture capital funding.

According to a press release, the funding round was led by a new, undisclosed investor. Giza Venture Capital, which has provided VC funding in the past, also participated in this new funding.

Koolanoo Group describes itself as "a China Internet and new media investment firm" headquartered in Beijing. The company owns and operates large web properties in China - including 360Quan, China's leading teen social network.


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