# Bihubao.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bihubao-com

- Industry: Insurance
- Headquarters: Beijing, China
- Website: www.bihubao.com
- Total disclosed funding: $15M
- Latest round: Series B (Oct 11, 2019)
- Investors on record: 4

## About

Bihubao.com is a mutual assistance platform that enhances community support by facilitating financial aid among users during emergencies or personal hardships, providing an alternative financial safety net.Bihubao.com, founded in 2015, operates as a mutual assistance service based in Beijing, China. The company has executed four deals, with the latest funding round being a Series B in October 2019, where they raised CNY 100.000 mn from investors including 9C Capital, Weilie Capital, and Yuanyu Capital. The founder, Haibo Li, has a noteworthy background, although details of prior ventures are not specified.Bihubao.com operates the ???? platform, which focuses on community-driven mutual assistance services. This platform allows users to contribute to a collective fund to financially support one another during emergencies, targeting individuals in urban China seeking alternatives to traditional insurance.The revenue model for ???? is based on user contributions to a mutual assistance fund, where members pay a set amount to participate. Contributions are pooled and used to assist those in need, with a subscription-based approach that appeals to a wide demographic looking for financial security through mutual aid.Bihubao.com plans to leverage the recent Series B funding from October 2019 to develop new products aimed at enhancing user engagement and service offerings. The company is also exploring expansion into additional urban markets in China, with specific regional targets yet to be disclosed. The funding secured will support these initiatives, reinforcing their commitment to community-centric financial solutions.

## Funding rounds

- Series B, Oct 11, 2019 — Weimeng Chuangke Venture Capital
- Series B, Jun 22, 2018, $15M — Weilie Capital, 9C Capital, Yuanyu Capital
- Series A, Nov 15, 2016 — Weilie Capital, 9C Capital

## Investors

- Weilie Capital (https://capitalatlas.ai/funds/weilie-capital) — Series A, Series B
- 9C Capital (https://capitalatlas.ai/funds/9c-capital) — Series A, Series B
- Yuanyu Capital — Series B
- Weimeng Chuangke Venture Capital (https://capitalatlas.ai/funds/weimeng-chuangke-venture-capital) — Series B