Auto Part B2B Platform of Shenzhen CassTime Raised $80 Million in a Series C1 Round Funding Jointly Led by Sequoia China and Source Code Capital

Auto part B2B platform of Shenzhen CassTime raised $80 million in a series C1 round funding jointly led by Sequoia China and Source Code Capital, and followed by  Huaye Tiancheng Investment. Taihe Capital was the exclusive financial advisor of this investment which will be used on technology R&D, the building of platform infrastructure, and market business expansion.

Established in 2015, CassTime entered the auto part B2B market starting from high-end vehicle parts. It builds standards and trust system for auto part transactions. It helps supplies improve inventory turnover, capital turnover via its data service and supply chain financial products. In short, it is a vehicle part B2B transaction platform.