Koolanoo Group raises $25,000,000

Koolanoo Group, a Chinese Internet and new media investment firm, has raised $25 million in new VC funding.  Koolanoo is headquartered in Beijing and owns 360Quan, a local teen social network, and iQ, a new Chinese Internet browser, and plans to launch new online products later this year. An interesting aspect of the company: Koolanoo started as a Jewish dating site and social network in Israel, and then moved to China…Koolanoo in Hebrew means “all of us.”