# Chengdu Meross Technology Co.

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

- Industry: Consumer Products
- Headquarters: Chengdu, China
- Website: www.meross.com
- Total disclosed funding: $1.4M
- Latest round: Series A (Oct 22, 2019)
- Investors on record: 3

## About

Chengdu Meross Technology Co., Ltd. develops innovative smart home devices that enhance safety, convenience, and energy efficiency for residential users, leveraging advanced automation technology to meet modern consumer needs.Founded in 2016 in Chengdu, China, Chengdu Meross Technology Co., Ltd. specializes in smart home automation devices. The firm has successfully raised funding through 3 deals, the latest being a Series A round in October 2019, which secured RMB 10 million from Ding Xiang Capital and CDHT Hi-Tech Venture. Eric Wang serves as both the CEO and the founder of the company.Meross offers a wide range of smart home and home automation devices, including smart smoke alarms, garage door openers, thermostats, blind controls, and roller shutters. These products are designed to improve safety and energy efficiency, with features like real-time alerts and smart integration. The company primarily serves tech-savvy homeowners and families seeking to modernize their living spaces through automation technologies, with a strong presence in markets such as the United States, Europe, and Asia.Chengdu Meross Technology Co., Ltd. operates using a direct-to-consumer sales model, predominantly through online channels. Their product line includes popular items such as the Matter Smart Plug MSS115 and smart smoke alarms, positioned as cost-effective solutions in the smart home sector. This revenue structure emphasizes customer engagement through promotional offers, driving sales across their diverse product offerings while maintaining a focus on affordability and quality to meet consumer demand.Looking ahead, Chengdu Meross Technology Co., Ltd. is focused on expanding its product lineup and entering new markets. The company plans to introduce new smart home products designed for enhanced connectivity and automation, leveraging recent funding of RMB 10 million raised in October 2019 to support these developments. Additionally, strategic efforts are underway to penetrate emerging markets in Asia and Europe by 2022, aiming to broaden their customer base and enhance brand visibility.

## Funding rounds

- Series A, Oct 22, 2019, $1.4M — Ding Xiang Capital, CDHT Hi-Tech Venture
- Series A, Jan 18, 2018 — K2VC, Ding Xiang Capital

## Investors

- K2VC (https://capitalatlas.ai/funds/k2vc) — Series A
- Ding Xiang Capital (https://capitalatlas.ai/funds/ding-xiang-capital) — Series A
- CDHT Hi-Tech Venture (https://capitalatlas.ai/funds/cdht-hi-tech-venture) — Series A