(Yicai Global) Aug. 18 -- SoftBank Vision Fund 2 has invested USD160 million in PatPat, which claims to be the world’s biggest direct-to-consumer player in the children’s clothing segment.

The venture capital fund of Japan’s SoftBank Group was the exclusive investor in the Silicon Valley-based startup’s Series D2 financing round, The Paper reported yesterday, citing a statement by PatPat. The investment comes just weeks after it raised the single-largest amount ever disclosed by a company working in China’s cross-border e-commerce sector, the report said.

Founded in 2014 by Albert Wang and Ken Gao, the main products sold on PatPat’s website are made-in-China clothes for infants, toddlers and children under the age of 12. It also sells shoes, women’s clothing, bags and jewelry to consumers in more than 100 countries and regions.

PatPat said on July 19 that it has secured USD510 million in a Series D fundraiser. It has raised more than USD700 million in total from investors including DST Global, SIG China, Capital Today, General Atlantic, and Sequoia China.

The company’s research and development, design and marketing teams are based in Silicon Valley, while other operations, including logistics, are handled from the Chinese cities of Shenzhen, Guangzhou and Hangzhou.

Editor: Futura Costaglione