# Beijing Hanwei Chuangxin Electronic Technology Co.

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

- Industry: Semiconductors
- Headquarters: Beijing, China
- Website: www.mk-semi.com
- Total disclosed funding: $11M
- Latest round: Series A (Jul 28, 2023)
- Investors on record: 6

## About

Based in Beijing, China and founded in 2019, Beijing Hanwei Chuangxin Electronic Technology Co., Ltd. operates as a positioning technology chip developer, focusing on the field of chip development. The chairman of the board of the company, Zhang Yifeng, was the CTO of Quintic(Beijing)Microelectronics Technology Co.,Ltd. It is headquartered in Silicon Valley with branches in Shanghai, Beijing and Shenzhen. In July 2023, it raised CNY 80 million in series A funding led by new investor China Merchants Capital, with participation from other new investors iCamp, Ivy Capital, Lightspeed China Partners, Shanghai Sheng Ang Private Equity Fund Management and returning investor Gaorong Capital.
 
The company is committed to providing high-precision positioning technology chips and solutions. The products and services provided by the company can be used in cell phone, smart wear, smart home, smart IOT and other application areas. It independently developed the MK8000 chip with UWB technology, which has the functions of range and angle measurement, active radar, high-speed digital transmission and networking.

The company will use the series A funding for the market expansion of the first generation UWB product MK8000 and the research and development of the second generation UWB product.

## Funding rounds

- Series A, Jul 28, 2023, $11M — iCamp, China Merchants Capital, Ivy Capital, Gaorong Ventures, Luminous Ventures, Sheng Ang Investment

## Investors

- iCamp (https://capitalatlas.ai/funds/icamp) — Series A
- China Merchants Capital (https://capitalatlas.ai/funds/china-merchants-capital) — Series A
- Ivy Capital (https://capitalatlas.ai/funds/ivy-capital) — Series A
- Gaorong Ventures (https://capitalatlas.ai/funds/gaorong-ventures) — Series A
- Luminous Ventures — Series A
- Sheng Ang Investment (https://capitalatlas.ai/funds/sheng-ang-investment) — Series A