Codoon Sports Completes $50 million Series C Financing, CEC Capital Served as Exclusive Financial Advisor

Codoon Sports, a leading mobile app for runners, announced today that it had completed a $50 million Series C financing led by Focus Media, the leading outdoor advertising company listed on the A-share market, and FountainVest, a private equity fund managed by ex-Goldman Sachs executives.  Co-investors in this round included the company's current investors SIG and SBCVC.
CEC Capital (formerly China eCapital) worked as the exclusive financial advisor to Codoon in this transaction.