(Yicai Global) Jan. 9 -- Yichuang Hulian, a platform that acquires stakes in startups through the provision of information technology services, has secured financing worth millions of dollars, online media outlet Lieyunwang reported yesterday.

The unit of Beijing Huimor Technology Co. will use the funds from investor Terena International Inc. to develop new products, enhance marketing and build its brand.

Yichuang Hulian, a technical venture capital provider, has taken stakes in 40 startups to date, covering the education, medical treatment, finance, food and beverage, social media and intelligent hardware sectors.

The company has served almost 400 startups so far, of which multiple have gone on to complete several rounds of financing including Gupiaobang, Rollers, High Fans, Muma and Shanghai Wealth.