# Beijing Duozhi Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beijing-duozhi-technology-co

- Industry: Education/Training
- Headquarters: Beijing, China
- Website: www.kaochong.com
- Total disclosed funding: $83M
- Latest round: Series D (Sep 5, 2018)
- Investors on record: 4

## About

Beijing Duozhi Technology Co., Ltd. develops innovative software solutions aimed at enhancing operational efficiency across various sectors, including finance, healthcare, and logistics, through advanced data management and analytics applications.Founded in 2015 and headquartered in Beijing, China, Beijing Duozhi Technology Co., Ltd. focuses on delivering technology solutions tailored for diverse industries. The company, led by CEO Haoyu Li, has successfully raised USD 55.00 mn through a Series D funding round on September 5, 2018, with key investors including Hillhouse Capital Group, MPC, and Tencent Investment. Since its inception, the firm has completed a total of 3 deals.Kaochong specializes in providing innovative technology solutions tailored to enhance operational efficiency for various sectors. Their core offerings include a robust suite of software applications designed for data management and analytics, which streamline processes and facilitate informed decision-making for businesses across multiple industries. These applications cater to sectors such as finance, healthcare, and logistics, addressing specific pain points like data integration, real-time reporting, and predictive analytics. The company targets a diverse client base, including small to medium-sized enterprises (SMEs) and large corporations, with a focus on markets in North America, Europe, and Asia-Pacific. Since their inception, these products have been continuously evolving, reflecting the latest technological advancements to meet the dynamic needs of end users.Kaochong generates revenue through a structured model that includes subscription-based services and direct sales of their software solutions. Clients engage with the company through annual subscriptions that provide access to their suite of products, ensuring ongoing updates and support. In addition to subscription fees, the company may also establish partnerships with larger enterprises that require customized solutions, thereby expanding their market reach. Pricing plans are designed to cater to various business needs, reflecting the value provided by flagship products that enhance data management capabilities. Transaction structures typically involve direct billing for software services, allowing for a streamlined financial relationship between Kaochong and its clientele.The recent Series D funding of USD 55.00 mn, raised in September 2018, will support the company's strategic initiatives, including the development of new software products aimed at enhancing functionalities and user experience. Kaochong plans to expand its operations into new markets such as Southeast Asia and Europe by 2025, focusing on increasing its client base in these regions. Additionally, the funds will facilitate ongoing research and development to innovate and refine their existing product offerings, ensuring they remain competitive and aligned with market demands.

## Funding rounds

- Series D, Sep 5, 2018, $55M — Tencent Investment, Hillhouse Investment, MPC
- Series C, Mar 5, 2018, $20M — Tencent Investment, MPC
- Series B, Sep 23, 2016, $8M — NLVC, MPC

## Investors

- NLVC (https://capitalatlas.ai/funds/nlvc) — Series B
- MPC — Series B, Series C, Series D
- Tencent Investment — Series C, Series D
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series D