# Blackfish Technology Co.

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

- Industry: Financial Services
- Headquarters: Nanjing, China
- Website: www.blackfish.cn
- Total disclosed funding: $197M
- Latest round: Series A (Aug 22, 2018)
- Investors on record: 9

## About

Blackfish Technology Co., Ltd. is a Chinese company specializing in membership-based consumption services, integrating online and offline shopping experiences through advanced technologies to enhance consumer convenience.Founded in 2017 in Nanjing, China, Blackfish Technology Co., Ltd. focuses on developing a platform for consumer engagement. The company has successfully raised a total of USD 50.00 mn through a Series A funding round in August 2018, attracting multiple investors such as 5Y Capital, AlphaX Partners, and Lightspeed Venture Partners.Blackfish Technology Co., Ltd. specializes in providing a membership-based consumption service platform that integrates online and offline shopping experiences. Utilizing advanced technologies like big data analytics and mobile payment systems, the company aims to enhance consumer convenience and enrich digital lifestyles. Their offerings are designed to meet the evolving needs of consumers, creating a collaborative ecosystem that benefits both individual users and merchants, primarily targeting urban consumers in China.The revenue model for Blackfish Technology Co., Ltd. is centered around a subscription-based approach, allowing members exclusive access to various products and services. Membership fees drive ongoing engagement, offering premium benefits and tailored experiences. Partnerships with brands such as ???? and Swisse enhance the company's value proposition, facilitating direct transactions between the firm and its members and generating revenue through these memberships and potential commissions from brand collaborations.Looking ahead, Blackfish Technology Co., Ltd. intends to launch new products designed to further enhance user engagement by the end of 2023. The company plans to expand its presence into additional regions within China, focusing on tier 2 and tier 3 cities by mid-2024. The recent Series A funding of USD 50.00 mn will be allocated to support these initiatives, particularly in product development and market expansion efforts.

## Funding rounds

- Series A, Aug 22, 2018, $50M — Lightspeed Venture Partners, Gobi Partners, 5Y Capital, JIF Capital, Rakuten Capital, China Growth Capital, AlphaX Partners, Fullshare Holdings Limited
- Series A, Jan 10, 2018, $147M — Lightspeed Venture Partners, Gobi Partners, 5Y Capital, JIF Capital, Fullcent Capital

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series A
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series A
- JIF Capital (https://capitalatlas.ai/funds/jif-capital) — Series A
- Fullcent Capital (https://capitalatlas.ai/funds/fullcent-capital) — Series A
- Rakuten Capital (https://capitalatlas.ai/funds/rakuten-capital) — Series A
- China Growth Capital (https://capitalatlas.ai/funds/china-growth-capital) — Series A
- AlphaX Partners (https://capitalatlas.ai/funds/alphax-partners) — Series A
- Fullshare Holdings Limited — Series A