# ChaZence

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chazence

- Industry: Materials
- Headquarters: Shenzhen, China
- Website: www.zenceobject.com
- Latest round: Seed (Aug 28, 2023)
- Investors on record: 2

## About

Based in Shenzhen, China and founded in 2021, Chazence is an environmental protection company dedicated to solving waste problems. The company has set up branch offices in Macau, Zhuhai, Hong Kong, and Dongguan. It has established partnerships with AEON MALL, China Tea Museum, Hong Kong Michelin Restaurant, etc. In December 2024, ChaZence raised CNY 10 million in strategic investment co-led by new investors AB Builders and Gobi Partners.

The company's product, Chazence, is a sustainable, versatile, and mass-producible Eastern eco-friendly material that can replace traditional materials such as plastic, paper, and wood and be applied to various products. It contains waterproof, washable, heat-resistant, and other characteristics. The company also provides project design and production, exhibition activities, art/cross-border integration, and limited gifts/products. Its products and services have served MGM, Galaxy Entertainment Group, the electronics industry such as TCL and Casio, the food and beverage industry such as HEYTEA and Starbucks, and the construction industry such as the construction of the Macau Science Center.

ChaZence generates revenue by producing naturally degradable materials.

The company will use the funding to develop overseas markets and establish offices and teams overseas. It also plans to expand its product applications to the beauty and automotive industries.

## Funding rounds

- Seed, Aug 28, 2023 — Gobi Partners, Alibaba Entrepreneurs Fund

## Investors

- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Seed
- Alibaba Entrepreneurs Fund (https://capitalatlas.ai/funds/alibaba-entrepreneurs-fund) — Seed