China's digital agricultural service platform Jututao raised nearly 100 million yuan in series B+ funding, led by Chongqing Industry Investment Fund, with participation from Puchao Capital. Phoenixtree Capital acts as exclusive financial advisor in this investment.
This financing is mainly used to strengthen the digital transformation and expansion of the country's origin service network, improve the operational efficiency of the farmer membership system, and strengthen the scale advantage and network effect of the platform.
Established in 2015, Jututao is focuses on self-operated land circulation and land custody. Jututao gathered land resources through these business, laying the foundation for the subsequent development of agricultural industry platforms such as order-demand agriculture and production site services.