Jiuye Supply Chain Management, a Shangai, China-based cold chain service provider, closed a Series C+ funding round of undisclosed amount.
The round was led by CMH Growth Fund.
The company intends to use the funds for the development of the cold chain logistics platform and Freshcn — its global fresh food direct services platform.
Founded in 2014 and led by Zhang Bing, CEO, Jiuye SCM provides companies in the agriculture, e-commerce, and food processing industries with a cloud based cold-chain fresh service platform to connect in real-time, making visual mobilization and collaboration possible.
The company’s B2B shipping platform is powered by its 30 “cloud warehouses”, complete with a transportation monitoring system which uses GPS and temperature sensing technologies to achieve traceability and temperature visualization for smart cold storage and delivery. With its managed online network, a fleet of 2,000 vehicles and more than 1,500 established routes, Jiuye can distribute to thousands of retailers nationally in 24 hours across on 502 routes nationwide.