Red Avenue New Materials Group Co., Ltd.
彤程新材
Red Avenue New Materials Group Co., Ltd. (彤程新材) is a Chinese listed company active in venture investment, notably as a backer of inDeco, an internet public-decoration company. Per Source Code Capital's 2019 reporting, it participated in inDeco's Series B alongside Aixiang Investment, Gaolishengzhu, and Shanghai Qianzhang , and was referenced again in a 2020 follow-on as having joined the B round in early 2019 . The bundle does not contain further details on its core business, founding, or scale.
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Coverage
Source Code Capital portfolio company inDeco raises $20 million Series C, with existing backer Source Code Capital increasing its stake
It raised three rounds of funding in just a year and a half, totaling 240 million yuan.
Internet public-decoration company **inDeco** announced the completion of a nearly 110 million yuan Series A and B financing round, with **Source Code Capital** leading the Series A.
In two years, it has served nearly 1,000 enterprises.
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