# Beijing iRena Cultural Industry Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beijing-irena-cultural-industry-co

- Industry: Business Support Services
- Headquarters: Beijing, China
- Website: www.irenaworld.com
- Total disclosed funding: $7.8M
- Latest round: Series B (Sep 28, 2015)
- Investors on record: 4

## About

Beijing iRena Cultural Industry Co., Ltd specializes in sports and live entertainment solutions, organizing high-profile events, managing venues, and enhancing cultural engagement, particularly in China.Founded in 2001 and headquartered in Beijing, China, Beijing iRena Cultural Industry Co., Ltd focuses on sports and entertainment event management. The company has completed two funding rounds, with its latest being a Series A round in which it raised CNY 50.00 mn from investors including Fortune Capital and Kaiwu Capital. The CEO and Founder, Hong Gao, has been integral to the company since its inception. The most recent deal occurred on September 28, 2015, during which they successfully secured funding to further their operations.Beijing iRena Cultural Industry Co., Ltd offers comprehensive sports and live entertainment solutions. Their services include organizing major sporting events, particularly in football, and managing entertainment venues. A key project is the Wu Yuan He Cultural and Sports Center in Hainan, aimed at boosting local sports and entertainment engagement. The company serves a variety of clients, including sports teams and corporate sponsors, primarily targeting audiences in China with plans for international outreach.In the most recent year, 2016, Beijing iRena Cultural Industry Co., Ltd reported a revenue of CNY 126,780,286.70 and an EBITDA of CNY 37,671,150.10. Revenue is generated through event promotions, venue management, and partnerships, while ticket sales for events contribute significantly to their income.The company is targeting new market expansions in international territories, with an emphasis on leveraging its funding from the recent Series A round. This funding will be utilized to develop new events and enhance their venue offerings, aiming for a broader demographic engagement. There are plans to introduce new products and services that cater to evolving audience preferences in the coming years.

## Funding rounds

- Series B, Sep 28, 2015 — Hina Group, We Capital
- Series A, Jul 29, 2011, $7.8M — Fortune Capital, Kaiwu Capital

## Investors

- Fortune Capital — Series A
- Kaiwu Capital (https://capitalatlas.ai/funds/kaiwu-capital) — Series A
- Hina Group (https://capitalatlas.ai/funds/hina-group) — Series B
- We Capital (https://capitalatlas.ai/funds/we-capital) — Series B